Mcrae Capital Management Inc. Has $319,000 Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mcrae Capital Management Inc. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,225 shares of the semiconductor manufacturer’s stock after selling 1,015 shares during the quarter. Mcrae Capital Management Inc.’s holdings in Skyworks Solutions were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares during the period. Vulcan Value Partners LLC lifted its stake in 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 purchasing an additional 1,262,964 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 19.3% in the 2nd 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 last quarter. Pacer Advisors Inc. raised its holdings in shares of Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after buying an additional 1,233,618 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Skyworks Solutions by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer’s stock worth $212,993,000 after buying an additional 190,000 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Up 0.1 %

NASDAQ:SWKS opened at $95.20 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm’s fifty day moving average is $100.26 and its 200-day moving average is $101.46. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The firm has a market cap of $15.21 billion, a P/E ratio of 19.63, a P/E/G ratio of 4.34 and a beta of 1.20.

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 analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.94%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is currently 57.73%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen increased their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Piper Sandler decreased their target price on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday. Craig Hallum increased their price target on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $109.88.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 approximately $3,793,589.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock valued at $2,142,110 in the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

About Skyworks Solutions

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.