CIBC Private Wealth Group LLC Boosts Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CIBC Private Wealth Group LLC grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,515 shares of the semiconductor manufacturer’s stock after buying an additional 2,269 shares during the period. CIBC Private Wealth Group LLC’s holdings in Skyworks Solutions were worth $620,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SWKS. Vanguard Personalized Indexing Management LLC increased its stake in shares of Skyworks Solutions by 19.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,692 shares of the semiconductor manufacturer’s stock valued at $1,153,000 after buying an additional 1,880 shares during the period. Pathstone Family Office LLC grew its stake in Skyworks Solutions by 48.3% in the third quarter. Pathstone Family Office LLC now owns 12,876 shares of the semiconductor manufacturer’s stock worth $1,269,000 after purchasing an additional 4,193 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Skyworks Solutions by 15.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,049 shares of the semiconductor manufacturer’s stock worth $3,160,000 after purchasing an additional 4,292 shares during the period. Rhumbline Advisers grew its stake in Skyworks Solutions by 3.6% in the third quarter. Rhumbline Advisers now owns 350,445 shares of the semiconductor manufacturer’s stock worth $34,550,000 after purchasing an additional 12,078 shares during the period. Finally, Midwest Professional Planners LTD. grew its stake in Skyworks Solutions by 7.9% in the third quarter. Midwest Professional Planners LTD. now owns 13,654 shares of the semiconductor manufacturer’s stock worth $1,346,000 after purchasing an additional 995 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 3.0 %

SWKS stock opened at $93.52 on Tuesday. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The business’s 50-day moving average is $96.88 and its two-hundred day moving average is $102.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 4.26 and a beta of 1.24.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is 51.13%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SWKS. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus reduced their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Susquehanna reissued a “neutral” rating and issued a $90.00 target price (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. TD Cowen downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $90.00 in a report on Wednesday, May 1st. Finally, Piper Sandler dropped their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.25.

Get Our Latest Stock Report on Skyworks Solutions

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

About Skyworks Solutions

(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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