Aaron Wealth Advisors LLC Acquires Shares of 2,373 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aaron Wealth Advisors LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,373 shares of the semiconductor manufacturer’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Unison Advisors LLC lifted its holdings in Skyworks Solutions by 0.6% in the third quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock worth $1,717,000 after buying an additional 110 shares during the period. Abich Financial Wealth Management LLC raised its position in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock worth $131,000 after acquiring an additional 112 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Skyworks Solutions by 8.7% in the 3rd quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after purchasing an additional 115 shares during the period. Empirical Finance LLC boosted its position in shares of Skyworks Solutions by 2.2% during the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after purchasing an additional 121 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its stake in Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 133 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SWKS. Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. B. Riley decreased their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Loop Capital started coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.12.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS opened at $93.96 on Wednesday. The firm has a market cap of $15.03 billion, a PE ratio of 25.39, a P/E/G ratio of 2.07 and a beta of 1.15. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $88.82 and a two-hundred day simple moving average of $97.45.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 earnings per share. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.98%. Skyworks Solutions’s payout ratio is presently 75.68%.

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, 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.