Albert D Mason Inc. Sells 162 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Albert D Mason Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,566 shares of the semiconductor manufacturer’s stock after selling 162 shares during the quarter. Albert D Mason Inc.’s holdings in Skyworks Solutions were worth $1,439,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BNP Paribas bought a new position in Skyworks Solutions during the first quarter worth about $27,000. Innealta Capital LLC bought a new position in Skyworks Solutions during the second quarter worth about $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter worth about $27,000. Access Investment Management LLC bought a new position in Skyworks Solutions during the first quarter worth about $31,000. Finally, Blue Trust Inc. increased its position in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Down 1.2 %

SWKS opened at $95.64 on Wednesday. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 4.47 and a beta of 1.20. The company’s 50 day moving average price is $101.19 and its two-hundred day moving average price is $101.72.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company 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 EPS. The company’s quarterly revenue was down 15.5% on a year-over-year basis. As a group, research analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 57.73%.

Insider Activity

In related news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SWKS. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and set a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Craig Hallum increased their price objective on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.65.

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.