Oregon Public Employees Retirement Fund lowered its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,542 shares of the semiconductor manufacturer’s stock after selling 4,067 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Skyworks Solutions were worth $4,208,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Skyworks Solutions by 0.7% in the 1st quarter. BlackRock Inc. now owns 13,301,161 shares of the semiconductor manufacturer’s stock valued at $1,333,577,000 after purchasing an additional 94,801 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Skyworks Solutions by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock valued at $296,944,000 after purchasing an additional 185,039 shares during the period. Northern Trust Corp lifted its stake in shares of Skyworks Solutions by 0.3% in the 1st quarter. Northern Trust Corp now owns 2,311,647 shares of the semiconductor manufacturer’s stock valued at $231,766,000 after purchasing an additional 6,158 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Skyworks Solutions by 12.2% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 2,173,301 shares of the semiconductor manufacturer’s stock valued at $217,895,000 after purchasing an additional 236,320 shares during the period. Finally, Manning & Napier Group LLC lifted its stake in shares of Skyworks Solutions by 2.0% in the 2nd quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock valued at $140,293,000 after purchasing an additional 28,220 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $95.92, for a total transaction of $959,200.00. Following the transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,604,011.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the transaction, the director now directly owns 145,252 shares in the company, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,000 shares of company stock worth $3,084,740. Insiders own 0.47% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Wednesday, July 25th. Cowen reiterated a “hold” rating and set a $105.00 price objective (up previously from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley lifted their price objective on Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 20th. BidaskClub lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Finally, Needham & Company LLC lifted their target price on Skyworks Solutions from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and a consensus price target of $114.84.

Shares of NASDAQ:SWKS traded up $0.52 during mid-day trading on Friday, reaching $87.73. The stock had a trading volume of 2,123,594 shares, compared to its average volume of 1,662,798. Skyworks Solutions Inc has a 1 year low of $83.05 and a 1 year high of $117.65. The company has a market capitalization of $15.10 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.93 and a beta of 0.57.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $889.00 million. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts predict that Skyworks Solutions Inc will post 6.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th were paid a dividend of $0.38 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, August 6th. Skyworks Solutions’s payout ratio is presently 25.42%.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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