Inspire Investing LLC grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,950 shares of the semiconductor manufacturer’s stock after acquiring an additional 676 shares during the period. Inspire Investing LLC’s holdings in Skyworks Solutions were worth $2,464,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SWKS. Quarry LP grew its holdings in shares of Skyworks Solutions by 93.7% in the 4th quarter. Quarry LP now owns 463 shares of the semiconductor manufacturer’s stock valued at $52,000 after buying an additional 224 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Skyworks Solutions by 7.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 61,703 shares of the semiconductor manufacturer’s stock valued at $6,937,000 after buying an additional 4,086 shares during the period. Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock valued at $2,097,372,000 after buying an additional 123,564 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $4,160,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $534,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Insiders Place Their Bets
In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,616 shares of company stock worth $1,202,770 in the last quarter. Corporate insiders own 0.34% of the company’s stock.
Skyworks Solutions Stock Up 0.9 %
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the prior year, the business earned $1.50 EPS. Skyworks Solutions’s quarterly revenue was down 15.5% on a year-over-year basis. On average, analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.
Skyworks Solutions Increases Dividend
The firm also recently announced 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 represents a $2.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is presently 57.73%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on SWKS. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a research report 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 boosted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America boosted their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.53.
Get Our Latest Report on Skyworks Solutions
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.
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