Commerce Bank sold 1,001 shares of Skyworks Solutions, Inc. during the 1st quarter, resulting in a 12.6% reduction in its stake in the company. As of its most recent filing with the Securities & Exchange Commission, Commerce Bank held 6,950 shares of the semiconductor manufacturer’s stock, valued at $820,000. Other institutional investors and hedge funds have also made changes to their positions in Skyworks Solutions.
Wall Street Analysts Forecast Growth
Several analyst reports have been published on Skyworks Solutions, with varying ratings and target prices for the stock.
Skyworks Solutions’ Financial Performance
Last announced on August 7th, Skyworks Solutions reported quarterly earnings of $1.73 per share, beating the consensus estimate of $1.43. The company’s revenue for the quarter was $1.07 billion, down 13.1% compared to the same period last year. It is forecasted that Skyworks Solutions will post $7.36 earnings per share for the current year.
Increase in Dividend
Skyworks Solutions recently announced a quarterly dividend of $0.68 per share, representing a boost from the previous dividend of $0.62 per share. Shareholders of record on August 29th will be paid the dividend on September 19th.
About Skyworks Solutions
Skyworks Solutions, Inc. is a semiconductor company that designs, develops, manufactures, and markets proprietary semiconductor products worldwide. Its product portfolio includes a wide range of semiconductor products, such as amplifiers, filters, switches, and voltage regulators. Skyworks Solutions serves various markets, including automotive, wireless communications, and consumer electronics.
