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

Total Clarity Wealth Management Inc. trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,262 shares of the semiconductor manufacturer’s stock after selling 176 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Skyworks Solutions were worth $241,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas purchased a new position in Skyworks Solutions in the 1st quarter valued at about $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at approximately $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. increased its position in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Down 5.1 %

Shares of SWKS stock opened at $97.25 on Tuesday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The firm has a market cap of $15.60 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 4.71 and a beta of 1.21. The company has a 50-day moving average of $107.71 and a two-hundred day moving average of $103.17. 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 (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter last year, the company posted $1.50 EPS. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. On average, analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.88%. Skyworks Solutions’s payout ratio is presently 52.63%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SWKS. JPMorgan Chase & Co. lifted their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Craig Hallum boosted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Susquehanna restated a “neutral” rating and issued a $125.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.94.

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.