Prime Capital Funding Advisors LLC lessened its place in Skyworks Options, Inc. (NASDAQ:SWKS – Free Report) by 37.5% through the second quarter, in keeping with its most up-to-date 13F submitting with the SEC. The institutional investor owned 22,501 shares of the semiconductor producer’s inventory after promoting 13,527 shares through the interval. Prime Capital Funding Advisors LLC’s holdings in Skyworks Options have been price $2,398,000 on the finish of the newest reporting interval.
A number of different institutional traders have additionally modified their holdings of the corporate. Guardian Wealth Administration Inc. raised its place in Skyworks Options by 1.8% within the second quarter. Guardian Wealth Administration Inc. now owns 10,057 shares of the semiconductor producer’s inventory price $1,072,000 after buying an extra 179 shares within the final quarter. Encourage Advisors LLC raised its holdings in shares of Skyworks Options by 67.0% within the 2nd quarter. Encourage Advisors LLC now owns 5,623 shares of the semiconductor producer’s inventory price $599,000 after buying an extra 2,255 shares within the final quarter. Thoroughbred Monetary Providers LLC acquired a brand new stake in Skyworks Options through the second quarter valued at roughly $230,000. Federated Hermes Inc. boosted its holdings in Skyworks Options by 8.1% through the second quarter. Federated Hermes Inc. now owns 16,823 shares of the semiconductor producer’s inventory price $1,793,000 after shopping for an extra 1,264 shares within the final quarter. Lastly, Meeder Advisory Providers Inc. grew its place in Skyworks Options by 8.6% within the second quarter. Meeder Advisory Providers Inc. now owns 4,056 shares of the semiconductor producer’s inventory price $432,000 after shopping for an extra 320 shares over the last quarter. Institutional traders and hedge funds personal 85.43% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of analysis corporations have lately weighed in on SWKS. B. Riley raised Skyworks Options from a “impartial” ranking to a “purchase” ranking and raised their worth goal for the inventory from $96.00 to $130.00 in a analysis word on Thursday, June twentieth. Robert W. Baird elevated their worth goal on Skyworks Options from $90.00 to $108.00 and gave the corporate a “impartial” ranking in a analysis report on Wednesday, July thirty first. Financial institution of America boosted their worth goal on Skyworks Options from $95.00 to $110.00 and gave the inventory an “underperform” ranking in a report on Wednesday, July thirty first. JPMorgan Chase & Co. raised their goal worth on shares of Skyworks Options from $105.00 to $120.00 and gave the inventory a “impartial” ranking in a report on Wednesday, July thirty first. Lastly, Stifel Nicolaus boosted their worth goal on shares of Skyworks Options from $112.00 to $125.00 and gave the corporate a “purchase” ranking in a report on Wednesday, July thirty first. Two funding analysts have rated the inventory with a promote ranking, seventeen have given a maintain ranking and 5 have given a purchase ranking to the inventory. In response to information from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus worth goal of $113.94.
View Our Newest Inventory Report on SWKS
Skyworks Options Inventory Down 5.1 %
Shares of Skyworks Options inventory opened at $97.25 on Tuesday. The agency has a market cap of $15.60 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 4.71 and a beta of 1.21. The inventory has a 50-day easy shifting common of $107.71 and a 200-day easy shifting common of $103.17. Skyworks Options, Inc. has a 52-week low of $85.06 and a 52-week excessive of $120.86. The corporate has a debt-to-equity ratio of 0.16, a present ratio of 5.75 and a fast ratio of 4.29.
Skyworks Options (NASDAQ:SWKS – Get Free Report) final posted its earnings outcomes on Tuesday, July thirtieth. The semiconductor producer reported $1.21 earnings per share (EPS) for the quarter, assembly analysts’ consensus estimates of $1.21. Skyworks Options had a web margin of 17.85% and a return on fairness of 15.41%. The agency had income of $905.50 million through the quarter, in comparison with analysts’ expectations of $900.41 million. Throughout the identical interval within the earlier yr, the corporate earned $1.50 earnings per share. The corporate’s income was down 15.5% in comparison with the identical quarter final yr. On common, equities analysis analysts anticipate that Skyworks Options, Inc. will publish 5.21 earnings per share for the present fiscal yr.
Skyworks Options Will increase Dividend
The enterprise additionally lately declared a quarterly dividend, which was paid on Tuesday, September tenth. Shareholders of report on Tuesday, August twentieth got a $0.70 dividend. The ex-dividend date was Tuesday, August twentieth. This represents a $2.80 dividend on an annualized foundation and a dividend yield of two.88%. This can be a enhance from Skyworks Options’s earlier quarterly dividend of $0.68. Skyworks Options’s payout ratio is at the moment 52.63%.
Insider Transactions at Skyworks Options
In associated information, SVP Reza Kasnavi offered 1,843 shares of the enterprise’s inventory in a transaction that occurred on Friday, August sixteenth. The inventory was offered at a median worth of $107.47, for a complete worth of $198,067.21. Following the completion of the sale, the senior vice chairman now straight owns 17,455 shares within the firm, valued at roughly $1,875,888.85. The transaction was disclosed in a submitting with the SEC, which will be accessed by the SEC web site. In different information, SVP Carlos S. Bori offered 9,321 shares of the agency’s inventory in a transaction dated Friday, September thirteenth. The inventory was offered at a median worth of $101.97, for a complete worth of $950,462.37. Following the sale, the senior vice chairman now straight owns 37,203 shares of the corporate’s inventory, valued at $3,793,589.91. The sale was disclosed in a doc filed with the SEC, which is accessible at the SEC web site. Additionally, SVP Reza Kasnavi offered 1,843 shares of Skyworks Options inventory in a transaction dated Friday, August sixteenth. The inventory was offered at a median worth of $107.47, for a complete worth of $198,067.21. Following the completion of the transaction, the senior vice chairman now owns 17,455 shares within the firm, valued at $1,875,888.85. The disclosure for this sale will be discovered right here. Within the final quarter, insiders offered 12,068 shares of firm inventory price $1,252,490. 0.34% of the inventory is owned by company insiders.
Skyworks Options Profile
Skyworks Options, Inc, along with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor merchandise in the US, China, South Korea, Taiwan, Europe, the Center East, Africa, and the remainder of Asia-Pacific. Its product portfolio contains amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wi-fi analog system on chip merchandise, directional couplers, variety obtain modules, filters, front-end modules, hybrids, mild emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, part locked loops, part shifters, energy dividers/combiners, energy over ethernet, energy isolators, receivers, switches, synthesizers, timing units, voltage managed oscillators/synthesizers, and voltage regulators.
See Additionally
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