Peloton Wealth Strategists Has $2.37 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Peloton Wealth Strategists increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,410 shares of the semiconductor manufacturer’s stock after purchasing an additional 650 shares during the quarter. Peloton Wealth Strategists’ holdings in Skyworks Solutions were worth $2,370,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SWKS. SouthState Corp bought a new position in shares of Skyworks Solutions in the first quarter valued at about $26,000. True Wealth Design LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $27,000. Milestone Investment Advisors LLC bought a new position in Skyworks Solutions in the 1st quarter worth approximately $41,000. Finally, Vestor Capital LLC acquired a new position in Skyworks Solutions during the 1st quarter worth $45,000. 81.39% of the stock is owned by institutional investors.

Skyworks Solutions Stock Down 0.3 %

Shares of SWKS stock traded down $0.27 during trading on Monday, reaching $93.93. The company’s stock had a trading volume of 73,479 shares, compared to its average volume of 1,769,608. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $123.69. The business has a fifty day moving average price of $94.04 and a 200-day moving average price of $102.34. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The company has a quick ratio of 1.52, a current ratio of 2.59 and a debt-to-equity ratio of 0.21.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.72 annualized dividend and a yield of 2.90%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 44.37%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SWKS shares. Susquehanna lowered their target price on Skyworks Solutions from $115.00 to $110.00 and set a “positive” rating for the company in a research note on Friday, November 3rd. TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Thursday. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, November 3rd. KeyCorp cut their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Finally, Citigroup lowered shares of Skyworks Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $116.00 to $87.00 in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.88.

Read Our Latest Stock Report on SWKS

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 900 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total transaction of $94,842.00. Following the sale, the senior vice president now owns 16,094 shares in the company, valued at $1,695,985.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Reza Kasnavi sold 900 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $105.38, for a total transaction of $94,842.00. Following the transaction, the senior vice president now directly owns 16,094 shares in the company, valued at $1,695,985.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kris Sennesael sold 12,770 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $89.97, for a total transaction of $1,148,916.90. Following the completion of the sale, the chief financial officer now owns 89,482 shares of the company’s stock, valued at approximately $8,050,695.54. The disclosure for this sale can be found here. Insiders sold a total of 60,699 shares of company stock worth $6,118,301 in the last three months. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Company Profile

(Free Report)

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.

Further Reading

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

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