Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,798 shares of the semiconductor manufacturer’s stock after acquiring an additional 643 shares during the quarter. Advisory Services Network LLC’s holdings in Skyworks Solutions were worth $2,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laidlaw Wealth Management LLC grew its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,651 shares of the semiconductor manufacturer’s stock valued at $256,000 after buying an additional 78 shares in the last quarter. ARK Investment Management LLC boosted its holdings in Skyworks Solutions by 6.9% in the first quarter. ARK Investment Management LLC now owns 1,344 shares of the semiconductor manufacturer’s stock valued at $179,000 after purchasing an additional 87 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in Skyworks Solutions by 2.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,602 shares of the semiconductor manufacturer’s stock valued at $559,000 after purchasing an additional 91 shares during the period. Shepherd Kaplan Krochuk LLC boosted its holdings in Skyworks Solutions by 6.7% in the fourth quarter. Shepherd Kaplan Krochuk LLC now owns 1,524 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 96 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Skyworks Solutions by 6.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 1,587 shares of the semiconductor manufacturer’s stock valued at $211,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SWKS. Raymond James decreased their target price on Skyworks Solutions from $170.00 to $150.00 in a report on Friday, August 5th. UBS Group cut their target price on Skyworks Solutions from $133.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, September 8th. KeyCorp dropped their price target on Skyworks Solutions from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Mizuho dropped their target price on Skyworks Solutions from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Finally, Exane BNP Paribas started coverage on Skyworks Solutions in a research report on Tuesday, September 13th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $140.29.

Skyworks Solutions Price Performance

SWKS stock opened at $99.88 on Friday. Skyworks Solutions, Inc. has a 1 year low of $88.76 and a 1 year high of $178.42. The firm has a market cap of $16.03 billion, a P/E ratio of 12.69, a PEG ratio of 0.88 and a beta of 1.21. The stock’s 50 day moving average price is $104.58 and its 200 day moving average price is $110.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.47 and a current ratio of 2.37.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.39. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $1.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 9.95 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 24th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.56. Skyworks Solutions’s dividend payout ratio is currently 31.51%.

Insiders Place Their Bets

In other news, SVP Karilee A. Durham sold 5,858 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the sale, the senior vice president now directly owns 10,130 shares in the company, valued at approximately $1,137,193.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

Skyworks Solutions Profile

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

See Also

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

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