AQR Capital Management LLC Raises Position in Skyworks Solutions Inc (NASDAQ:SWKS)

Share on StockTwits

AQR Capital Management LLC raised its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 26.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,708,676 shares of the semiconductor manufacturer’s stock after purchasing an additional 775,470 shares during the quarter. AQR Capital Management LLC owned 2.16% of Skyworks Solutions worth $286,347,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after acquiring an additional 242,983 shares in the last quarter. American International Group Inc. increased its position in shares of Skyworks Solutions by 7.6% during the 1st quarter. American International Group Inc. now owns 79,233 shares of the semiconductor manufacturer’s stock valued at $6,535,000 after purchasing an additional 5,593 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Skyworks Solutions by 4.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,013 shares of the semiconductor manufacturer’s stock valued at $2,888,000 after purchasing an additional 1,344 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $330,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Skyworks Solutions by 5.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,176 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 491 shares during the last quarter. Institutional investors own 80.55% of the company’s stock.

Shares of SWKS traded up $0.51 during trading hours on Friday, hitting $85.40. The stock had a trading volume of 2,380,135 shares, compared to its average volume of 1,748,272. The company’s fifty day simple moving average is $78.58 and its 200 day simple moving average is $79.46. The firm has a market cap of $13.86 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.70 and a beta of 1.04. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $94.39.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The company had revenue of $767.00 million during the quarter, compared to the consensus estimate of $767.71 million. During the same period last year, the firm earned $1.64 earnings per share. The company’s revenue was down 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Skyworks Solutions Inc will post 5.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a $0.44 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, August 26th. This represents a $1.76 annualized dividend and a yield of 2.06%. Skyworks Solutions’s payout ratio is 26.55%.

In other news, Director David J. Aldrich sold 5,000 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $81.85, for a total transaction of $409,250.00. Following the completion of the sale, the director now owns 208,032 shares of the company’s stock, valued at $17,027,419.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 3,250 shares of Skyworks Solutions stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $79.68, for a total transaction of $258,960.00. Following the completion of the transaction, the senior vice president now directly owns 15,326 shares of the company’s stock, valued at approximately $1,221,175.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,749 shares of company stock worth $2,701,484. 0.64% of the stock is currently owned by company insiders.

SWKS has been the topic of several analyst reports. Canaccord Genuity cut their target price on Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Cowen raised Skyworks Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $80.00 to $95.00 in a research report on Thursday. BMO Capital Markets cut their price objective on Skyworks Solutions from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Craig Hallum increased their price target on Skyworks Solutions from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Benchmark initiated coverage on Skyworks Solutions in a research note on Friday, September 20th. They set a “buy” rating and a $94.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $87.21.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

See Also: Why is the price-sales ratio important?

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - 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.