New York State Teachers Retirement System Sells 210 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

New York State Teachers Retirement System lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,920 shares of the semiconductor manufacturer’s stock after selling 210 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Skyworks Solutions worth $16,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at approximately $302,309,000. Norges Bank purchased a new position in Skyworks Solutions in the fourth quarter worth $226,266,000. Swedbank AB bought a new position in Skyworks Solutions in the first quarter valued at $110,086,000. Vanguard Group Inc. raised its position in Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Finally, KBC Group NV lifted its stake in Skyworks Solutions by 2,156.7% during the fourth quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after purchasing an additional 420,858 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were 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 of the company’s stock, valued at $5,495,727.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,180 shares of company stock valued at $2,597,864. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Craig Hallum raised their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup decreased their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. Wolfe Research cut shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Finally, Mizuho lowered their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $113.94.

Skyworks Solutions Trading Up 4.1 %

Shares of NASDAQ:SWKS traded up $4.28 on Friday, hitting $109.46. The company had a trading volume of 522,578 shares, compared to its average volume of 2,460,593. The firm’s 50-day simple moving average is $108.45 and its two-hundred day simple moving average is $103.22. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 5.04 and a beta of 1.23. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same period last year, the business posted $1.50 earnings per share. Skyworks Solutions’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be issued a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. 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 2.56%. Skyworks Solutions’s dividend payout ratio is 51.13%.

Skyworks Solutions Company 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.