SOA Wealth Advisors LLC. Has $337,000 Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

SOA Wealth Advisors LLC. raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 58.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,044 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,123 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Skyworks Solutions were worth $337,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Skyworks Solutions by 804.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,883,265 shares of the semiconductor manufacturer’s stock worth $340,168,000 after purchasing an additional 2,564,631 shares during the period. FMR LLC boosted its position in Skyworks Solutions by 126.4% during the first quarter. FMR LLC now owns 4,239,904 shares of the semiconductor manufacturer’s stock valued at $500,224,000 after acquiring an additional 2,367,141 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Skyworks Solutions by 74.9% during the 4th quarter. Victory Capital Management Inc. now owns 4,160,288 shares of the semiconductor manufacturer’s stock worth $379,127,000 after acquiring an additional 1,781,488 shares during the period. Norges Bank bought a new position in shares of Skyworks Solutions in the 4th quarter worth about $152,111,000. Finally, FIL Ltd lifted its stake in shares of Skyworks Solutions by 130.1% in the 1st quarter. FIL Ltd now owns 2,221,177 shares of the semiconductor manufacturer’s stock valued at $262,054,000 after purchasing an additional 1,255,923 shares during the period. Institutional investors own 81.39% of the company’s stock.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total value of $94,842.00. Following the completion of the transaction, the senior vice president now owns 16,094 shares in the company, valued at approximately $1,695,985.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Skyworks Solutions news, Director Kevin L. Beebe sold 4,851 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.97, for a total value of $504,358.47. Following the sale, the director now owns 51,855 shares of the company’s stock, valued at approximately $5,391,364.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Reza Kasnavi sold 900 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total value of $94,842.00. Following the transaction, the senior vice president now directly owns 16,094 shares of the company’s stock, valued at approximately $1,695,985.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,962 shares of company stock valued at $6,225,401. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SWKS shares. Morgan Stanley lifted their price objective on shares of Skyworks Solutions from $104.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Wolfe Research started coverage on shares of Skyworks Solutions in a research note on Wednesday, July 19th. They issued an “outperform” rating and a $135.00 price target for the company. Barclays cut shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and set a $115.00 price objective on the stock. in a research report on Thursday, July 20th. StockNews.com raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $150.00 price target on shares of Skyworks Solutions in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.32.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded down $0.60 on Friday, reaching $98.64. 385,868 shares of the company traded hands, compared to its average volume of 1,789,870. Skyworks Solutions, Inc. has a 52 week low of $76.16 and a 52 week high of $123.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.83 and a quick ratio of 2.31. The company has a 50 day moving average of $108.26 and a 200 day moving average of $108.09. The firm has a market capitalization of $15.72 billion, a PE ratio of 15.26, a PEG ratio of 0.86 and a beta of 1.28.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Monday, August 7th. The semiconductor manufacturer reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.30. Skyworks Solutions had a return on equity of 23.89% and a net margin of 20.97%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $2.12 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities analysts forecast that Skyworks Solutions, Inc. will post 7.45 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 29th will be paid a dividend of $0.68 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, August 28th. Skyworks Solutions’s dividend payout ratio is presently 41.91%.

Skyworks Solutions Company 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, 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.