Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Pathstone Family Office LLC

Pathstone Family Office LLC grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 48.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,876 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,193 shares during the period. Pathstone Family Office LLC’s holdings in Skyworks Solutions were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. True Wealth Design LLC bought a new stake in Skyworks Solutions in the fourth quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $27,000. Tyler Stone Wealth Management bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $29,000. Global Wealth Management Investment Advisory Inc. increased its position in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new position in Skyworks Solutions during the 3rd quarter valued at about $34,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 5,289 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $94.04, for a total value of $497,377.56. Following the sale, the senior vice president now owns 19,078 shares in the company, valued at $1,794,095.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Skyworks Solutions news, SVP Reza Kasnavi sold 5,289 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 19,078 shares in the company, valued at $1,794,095.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Karilee A. Durham sold 3,189 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $110.00, for a total value of $350,790.00. Following the completion of the sale, the senior vice president now owns 17,323 shares in the company, valued at approximately $1,905,530. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Up 1.0 %

Shares of Skyworks Solutions stock opened at $106.12 on Tuesday. The stock has a market capitalization of $17.00 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.93 and a beta of 1.40. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $122.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The stock’s 50-day simple moving average is $106.56 and its 200 day simple moving average is $101.50.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is 48.23%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Piper Sandler restated a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research report on Thursday, November 16th. Finally, Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.10.

View Our Latest Research Report on Skyworks Solutions

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, 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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