Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,617 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,352 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Skyworks Solutions worth $11,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Panagora Asset Management Inc. boosted its stake in shares of Skyworks Solutions by 54.0% in the first quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after purchasing an additional 3,654 shares during the period. LSV Asset Management acquired a new stake in Skyworks Solutions in the first quarter valued at approximately $11,382,000. Raymond James Trust N.A. raised its holdings in Skyworks Solutions by 7.8% in the first quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after acquiring an additional 169 shares in the last quarter. Prudential PLC acquired a new stake in Skyworks Solutions in the first quarter valued at approximately $429,000. Finally, Moors & Cabot Inc. raised its holdings in Skyworks Solutions by 9.7% in the first quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock valued at $966,000 after acquiring an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Insider Transactions at Skyworks Solutions

In other news, SVP Karilee A. Durham sold 3,189 shares of Skyworks Solutions stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $110.00, for a total transaction of $350,790.00. Following the completion of the transaction, the senior vice president now owns 17,323 shares of the company’s stock, valued at approximately $1,905,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Reza Kasnavi sold 5,289 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.04, for a total value of $497,377.56. Following the completion of the transaction, the senior vice president now owns 19,078 shares of the company’s stock, valued at approximately $1,794,095.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karilee A. Durham sold 3,189 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $110.00, for a total transaction of $350,790.00. Following the completion of the transaction, the senior vice president now directly owns 17,323 shares of the company’s stock, valued at approximately $1,905,530. The disclosure for this sale can be found here. Insiders sold 12,351 shares of company stock valued at $1,193,213 in the last 90 days. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWKS. Mizuho raised their price objective on shares of Skyworks Solutions from $108.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, December 18th. Morgan Stanley cut their price objective on shares of Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. B. Riley lifted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. KeyCorp cut their target price 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, Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $115.10.

View Our Latest Stock Report on SWKS

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $105.05 on Friday. The firm has a market capitalization of $16.83 billion, a P/E ratio of 18.63, a PEG ratio of 1.92 and a beta of 1.40. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $122.45. The company’s fifty day moving average is $106.42 and its two-hundred day moving average is $101.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 EPS. Analysts forecast that Skyworks Solutions, Inc. will post 5.71 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Skyworks Solutions 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, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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