Migdal Insurance & Financial Holdings Ltd. Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 840 shares of the semiconductor manufacturer’s stock, valued at approximately $89,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $302,309,000. Norges Bank acquired a new stake in Skyworks Solutions during the fourth quarter worth $226,266,000. Swedbank AB bought a new stake in Skyworks Solutions in the 1st quarter valued at $110,086,000. Vanguard Group Inc. lifted its holdings in shares of Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after acquiring an additional 745,374 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Skyworks Solutions by 2,156.7% during the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after acquiring an additional 420,858 shares during the period. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $96.00 to $130.00 in a research report on Thursday, June 20th. Susquehanna reiterated a “neutral” rating and issued a $125.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 31st. TD Cowen boosted their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Craig Hallum increased their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.94.

Skyworks Solutions Trading Up 0.9 %

Shares of SWKS traded up $0.97 during trading hours on Thursday, reaching $107.70. The stock had a trading volume of 2,039,944 shares, compared to its average volume of 2,446,436. The company has a market cap of $17.28 billion, a P/E ratio of 20.63, a P/E/G ratio of 5.04 and a beta of 1.23. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $108.60 and a 200 day moving average of $103.34.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. During the same period in the prior year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 52.63%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the completion of the sale, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. The disclosure for this sale can be found here. Insiders sold 2,747 shares of company stock valued at $302,027 over the last quarter. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.