Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,262 shares of the semiconductor manufacturer’s stock after selling 176 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Skyworks Solutions were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. BNP Paribas acquired a new position in Skyworks Solutions during the 1st quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Access Investment Management LLC acquired a new position in shares of Skyworks Solutions during the first quarter worth $31,000. Finally, Blue Trust Inc. increased its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 5.1 %

SWKS opened at $97.25 on Tuesday. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The business has a 50 day moving average price of $107.71 and a two-hundred day moving average price of $103.17. 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 company has a market cap of $15.60 billion, a PE ratio of 18.28, a P/E/G ratio of 4.71 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results 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 return on equity of 15.41% and a net margin of 17.85%. The business had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were 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 was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.88%. Skyworks Solutions’s payout ratio is presently 52.63%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SWKS. Craig Hallum upped their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America upped their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Piper Sandler reissued a “neutral” rating and set a $115.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Susquehanna restated a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Barclays increased their target price on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.94.

Insider Transactions at Skyworks Solutions

In related news, 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 completion of the sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction 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 owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders have sold a total of 12,068 shares of company stock worth $1,252,490 over the last ninety days. 0.34% of the stock is currently owned by company insiders.

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.