Radnor Capital Management LLC Acquires Shares of 3,025 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Radnor Capital Management LLC bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,025 shares of the semiconductor manufacturer’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Guinness Asset Management LTD grew its holdings in Skyworks Solutions by 2.0% during the 1st quarter. Guinness Asset Management LTD now owns 4,844 shares of the semiconductor manufacturer’s stock worth $571,000 after acquiring an additional 94 shares in the last quarter. Signaturefd LLC grew its holdings in Skyworks Solutions by 2.5% during the 1st quarter. Signaturefd LLC now owns 4,268 shares of the semiconductor manufacturer’s stock worth $504,000 after acquiring an additional 104 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Skyworks Solutions by 4.0% during the 4th quarter. Apollon Wealth Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock worth $253,000 after acquiring an additional 106 shares in the last quarter. LCM Capital Management Inc grew its holdings in Skyworks Solutions by 4.3% during the 1st quarter. LCM Capital Management Inc now owns 2,613 shares of the semiconductor manufacturer’s stock worth $308,000 after acquiring an additional 108 shares in the last quarter. Finally, Kinneret Advisory LLC grew its holdings in Skyworks Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,818 shares of the semiconductor manufacturer’s stock worth $642,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. B. Riley raised their price target on shares of Skyworks Solutions from $93.00 to $102.00 in a report on Tuesday, August 8th. Susquehanna lifted their target price on shares of Skyworks Solutions from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, August 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $150.00 target price on shares of Skyworks Solutions in a research note on Tuesday, August 8th. Mizuho lowered their target price on shares of Skyworks Solutions from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Finally, Morgan Stanley lifted their target price on shares of Skyworks Solutions from $104.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.32.

Insiders Place Their Bets

In other news, Director Kevin L. Beebe sold 4,851 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.97, for a total transaction of $504,358.47. Following the sale, the director now owns 51,855 shares of the company’s stock, valued at $5,391,364.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kevin L. Beebe sold 4,851 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.97, for a total transaction of $504,358.47. Following the sale, the director now owns 51,855 shares of the company’s stock, valued at $5,391,364.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Liam Griffin sold 13,211 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $104.08, for a total transaction of $1,375,000.88. Following the sale, the chief executive officer now directly owns 52,540 shares in the company, valued at approximately $5,468,363.20. The disclosure for this sale can be found here. Insiders sold a total of 58,962 shares of company stock valued at $6,225,401 over the last 90 days. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Price Performance

SWKS traded down $0.41 on Friday, hitting $98.83. 307,855 shares of the company’s stock were exchanged, compared to its average volume of 1,789,473. Skyworks Solutions, Inc. has a fifty-two week low of $76.16 and a fifty-two week high of $123.69. The company has a current ratio of 3.83, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $108.26 and a 200-day moving average price of $108.09. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.86 and a beta of 1.28.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Monday, August 7th. The semiconductor manufacturer reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.30. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Skyworks Solutions had a net margin of 20.97% and a return on equity of 23.89%. Skyworks Solutions’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 7.45 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, August 28th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.62. Skyworks Solutions’s dividend payout ratio (DPR) is 41.91%.

About Skyworks Solutions

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, clocks and timings, 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.