Waldron Private Wealth LLC Purchases 133 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Waldron Private Wealth LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,182 shares of the semiconductor manufacturer’s stock after purchasing an additional 133 shares during the period. Waldron Private Wealth LLC’s holdings in Skyworks Solutions were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWKS. Duality Advisers LP acquired a new stake in Skyworks Solutions during the 1st quarter worth approximately $1,517,000. Brookstone Capital Management bought a new stake in Skyworks Solutions in the 1st quarter valued at $262,000. Advisors Asset Management Inc. boosted its stake in Skyworks Solutions by 73.3% in the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after purchasing an additional 6,795 shares during the period. M&G Plc bought a new position in Skyworks Solutions during the 2nd quarter worth about $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Skyworks Solutions by 10.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock valued at $48,843,000 after purchasing an additional 43,373 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SWKS shares. Piper Sandler reaffirmed a “neutral” rating and set a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Craig Hallum raised their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.65.

Skyworks Solutions Trading Down 0.7 %

SWKS stock opened at $94.94 on Thursday. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 4.47 and a beta of 1.20. The company has a fifty day moving average price of $100.97 and a two-hundred day moving average price of $101.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is 52.63%.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,341 shares of company stock valued at $2,142,110. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Company 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.