Capital Investment Advisors LLC Acquires Shares of 79,695 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisors LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 79,695 shares of the semiconductor manufacturer’s stock, valued at approximately $7,871,000.

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

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SWKS has been the subject of several analyst reports. Piper Sandler reiterated a “neutral” rating and set a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Craig Hallum boosted their price objective on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Finally, Susquehanna restated a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $112.53.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $98.61 on Friday. The company’s fifty day simple moving average is $101.30 and its 200-day simple moving average is $101.85. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The firm has a market cap of $15.75 billion, a PE ratio of 20.33, a P/E/G ratio of 4.50 and a beta of 1.20. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86.

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

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is 57.73%.

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.