Bank of New York Mellon Corp buys 6,066 shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank of New York Mellon Corp grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,236,681 shares of the semiconductor maker’s stock after purchasing an additional 6,066 shares during the quarter. Bank of New York Mellon Corp’s holdings in Skyworks Solutions were worth $131,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its holdings in Skyworks Solutions by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor maker’s stock worth $239,000 after purchasing an additional 87 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Skyworks Solutions by 3.0% in the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor maker’s stock worth $349,000 after buying an additional 94 shares during the last quarter. Albert D Mason Inc. increased its position in shares of Skyworks Solutions by 0.7% in the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor maker’s stock worth $1,581,000 after purchasing an additional 99 shares during the period. Lcnb Corp raised its position in shares of Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor maker’s stock worth $490,000 after acquiring an additional 100 shares during the period. Finally, AlphaMark Advisors LLC raised its position in shares of Skyworks Solutions by 14.8% during the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor maker’s stock worth $83,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.43% of the company’s shares.

The Wall Street analyst weighs in

A number of equities research analysts recently commented on the company. Craig Hallum boosted their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Citigroup decreased their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $130.00 in a research report on Thursday, 20 June. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two 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. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $113.94.

Get the latest stock analysis on Skyworks Solutions

Insider trading at Skyworks Solutions

In other news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on 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 owns 9,564 shares of the company’s stock, valued at $1,052,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,180 shares of company stock worth $2,597,864. 0.34% of shares are owned by company insiders.

Skyworks Solutions stock fell 1.6%

Shares of SWKS stock opened at $107.44 on Tuesday. 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 50 day moving average price of $108.57 and a two hundred day moving average price of $103.30. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 4.94 and a beta of 1.23. Skyworks Solutions, Inc. it has a 12-month low of $85.06 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor maker reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm 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 revenue was down 15.5% compared to the same quarter last year. In the same period last year, the company earned $1.50 per share. Analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Raises Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. This is an increase from Skyworks Solutions’ previous quarterly dividend of $0.68. This represents an annualized dividend of $2.80 and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’ payout ratio is currently 52.63%.

Skyworks Solutions Company Profile

(Free Report)

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, car and digital radio tuners, DC/DC converters, demodulators, detectors, diodes, analog wireless systems on chip products, directional couplers, diversity receiver modules, filters, modules front end, 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.

Featured stories

Want to see what other hedge funds own SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report).

Receive daily Skyworks Solutions news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Skyworks Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.