SeaCrest Wealth Management LLC Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

SeaCrest Wealth Management LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,235 shares of the semiconductor manufacturer’s stock after selling 662 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Skyworks Solutions were worth $238,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas purchased a new position in Skyworks Solutions in the first quarter worth $27,000. Access Investment Management LLC purchased a new position in Skyworks Solutions in the first quarter worth $31,000. Blue Trust Inc. raised its position in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.7 %

NASDAQ:SWKS traded down $0.70 during mid-day trading on Tuesday, reaching $106.65. The company’s stock had a trading volume of 602,804 shares, compared to its average volume of 2,480,160. The company’s fifty day simple moving average is $108.17 and its two-hundred day simple moving average is $103.14. 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 twelve month low of $85.06 and a twelve month high of $120.86. The stock has a market cap of $17.03 billion, a P/E ratio of 20.31, a P/E/G ratio of 5.04 and a beta of 1.23.

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

Skyworks Solutions Increases Dividend

The firm 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insiders Place Their Bets

In other news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,180 shares of company stock valued at $2,597,864. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SWKS shares. Stifel Nicolaus raised their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.94.

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.