Mackenzie Financial Corp Lowers Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mackenzie Financial Corp lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 46.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,462 shares of the semiconductor manufacturer's stock after selling 15,948 shares during the quarter. Mackenzie Financial Corp's holdings in Skyworks Solutions were worth $1,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after acquiring an additional 745,374 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Skyworks Solutions by 19.3% during the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock valued at $435,943,000 after purchasing an additional 661,144 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after purchasing an additional 1,233,618 shares during the last quarter. FIL Ltd increased its stake in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer's stock worth $308,724,000 after buying an additional 64,389 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Skyworks Solutions by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer's stock valued at $212,993,000 after buying an additional 190,000 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research reports. Craig Hallum boosted their price target on Skyworks Solutions from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. TD Cowen lifted their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Bank of America raised their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Wednesday, July 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $114.18.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm's stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company's stock, valued at approximately $1,052,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares of the company's stock, valued at approximately $1,052,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company's stock, valued at approximately $1,875,888.85. 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 quarter. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.63 during trading hours on Thursday, hitting $96.73. 1,908,454 shares of the company were exchanged, compared to its average volume of 2,407,709. 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, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 4.64 and a beta of 1.21. The company's 50 day moving average price is $103.73 and its 200-day moving average price is $102.53.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts' consensus estimates of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business's quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 earnings per share. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a dividend of $0.70 per share. 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 dividend on an annualized basis and a dividend yield of 2.89%. Skyworks Solutions's payout ratio is 52.63%.

Skyworks Solutions 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.