Leavell Investment Management Inc. Sells 340 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Leavell Investment Management Inc. trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 19,535 shares of the semiconductor manufacturer’s stock after selling 340 shares during the quarter. Leavell Investment Management Inc.’s holdings in Skyworks Solutions were worth $2,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its holdings in shares of Skyworks Solutions by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after buying an additional 87 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Skyworks Solutions by 3.0% during the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after buying an additional 94 shares in the last quarter. Albert D Mason Inc. raised its holdings in shares of Skyworks Solutions by 0.7% during the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after buying an additional 99 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares in the last quarter. Finally, Lcnb Corp increased its holdings in Skyworks Solutions by 2.4% in the 4th quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 16th. The stock was 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 owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the completion of the transaction, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,337 shares of company stock worth $2,399,797. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Piper Sandler reissued a “neutral” rating and issued a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Robert W. Baird increased their price target on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Rosenblatt Securities increased their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Stock Up 3.7 %

Shares of SWKS traded up $3.89 during trading hours on Thursday, hitting $108.77. The stock had a trading volume of 2,233,630 shares, compared to its average volume of 2,505,052. The firm has a market capitalization of $17.45 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The firm has a 50 day simple moving average of $107.55 and a 200-day simple moving average of $103.11.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS 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. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.57%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is 52.63%.

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.