Letko Brosseau & Associates Inc. Acquires 4,470 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Letko Brosseau & Associates Inc. lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,957 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,470 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.36% of Skyworks Solutions worth $63,199,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in shares of Skyworks Solutions by 3,711.1% in the first quarter. Pacer Advisors Inc. now owns 93,257 shares of the semiconductor manufacturer’s stock valued at $11,002,000 after buying an additional 90,810 shares during the period. Principal Financial Group Inc. increased its holdings in Skyworks Solutions by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 208,651 shares of the semiconductor manufacturer’s stock worth $24,617,000 after purchasing an additional 4,964 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Skyworks Solutions by 1,907.7% in the 2nd quarter. DNB Asset Management AS now owns 835,475 shares of the semiconductor manufacturer’s stock valued at $92,479,000 after purchasing an additional 793,861 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Skyworks Solutions by 10.2% in the first quarter. Wealthfront Advisers LLC now owns 7,664 shares of the semiconductor manufacturer’s stock valued at $904,000 after purchasing an additional 710 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new position in shares of Skyworks Solutions during the first quarter worth about $201,000. Institutional investors own 81.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SWKS. Susquehanna cut their target price on Skyworks Solutions from $115.00 to $110.00 and set a “positive” rating on the stock in a research note on Friday, November 3rd. B. Riley increased their target price on shares of Skyworks Solutions from $93.00 to $102.00 in a report on Tuesday, August 8th. Mizuho lowered their price target on shares of Skyworks Solutions from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Thursday. Finally, BNP Paribas cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $110.00 price objective for the company. in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Moderate Buy” and an average target price of $115.88.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded up $0.36 on Monday, reaching $94.56. The stock had a trading volume of 255,838 shares, compared to its average volume of 1,770,396. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.59 and a quick ratio of 1.52. The company has a market cap of $15.07 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The firm has a fifty day moving average of $94.04 and a two-hundred day moving average of $102.34. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $123.69.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.68 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.88%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 44.37%.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 3,873 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.09, for a total value of $345,045.57. Following the completion of the sale, the senior vice president now owns 24,367 shares of the company’s stock, valued at approximately $2,170,856.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kris Sennesael sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $106.28, for a total value of $4,251,200.00. Following the transaction, the chief financial officer now owns 87,823 shares in the company, valued at $9,333,828.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 3,873 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.09, for a total transaction of $345,045.57. Following the sale, the senior vice president now directly owns 24,367 shares of the company’s stock, valued at approximately $2,170,856.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,699 shares of company stock valued at $6,118,301. 0.34% of the stock is owned by company insiders.

Skyworks Solutions 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.