Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 60.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,208 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,208 shares during the period. Denali Advisors LLC’s holdings in Skyworks Solutions were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Safeguard Investment Advisory Group LLC increased its holdings in Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after buying an additional 99 shares in the last quarter. John G Ullman & Associates Inc. increased its stake in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 100 shares in the last quarter. Lcnb Corp raised its holdings in Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in Skyworks Solutions by 7.3% during the first quarter. GAMMA Investing LLC now owns 1,535 shares of the semiconductor manufacturer’s stock worth $166,000 after purchasing an additional 104 shares in the last quarter. Finally, Unison Advisors LLC boosted its position in Skyworks Solutions by 0.7% during the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock worth $1,911,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $104.63 on Thursday. 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 firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 5.09 and a beta of 1.23. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a 50 day moving average price of $97.74 and a 200 day moving average price of $102.63.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.60%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Transactions at Skyworks Solutions

In other news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SWKS shares. Rosenblatt Securities cut their price target on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Piper Sandler cut their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Stifel Nicolaus dropped their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Citigroup reduced their target price on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $107.19.

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.