Apollon Wealth Management LLC Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Apollon Wealth Management LLC lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,003 shares of the semiconductor manufacturer’s stock after buying an additional 506 shares during the period. Apollon Wealth Management LLC’s holdings in Skyworks Solutions were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SWKS. Vulcan Value Partners LLC boosted its stake in shares of Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after buying an additional 1,262,964 shares during the period. Pacer Advisors Inc. lifted its position in Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after purchasing an additional 1,233,618 shares during the period. Swedbank AB acquired a new stake in Skyworks Solutions in the first quarter valued at about $110,086,000. Vanguard Group Inc. lifted its position in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares during the period. Finally, Pzena Investment Management LLC lifted its position in Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after purchasing an additional 661,144 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 in the last quarter. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $83.69 on Monday. The company’s fifty day moving average price is $95.14 and its two-hundred day moving average price is $100.23. The firm has a market capitalization of $13.37 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 EPS. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Analysts Set New Price Targets

SWKS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Barclays reduced their price target on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $101.00.

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.