Empowered Funds LLC Has $5.25 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Empowered Funds LLC grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 24.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,170 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,455 shares during the quarter. Empowered Funds LLC’s holdings in Skyworks Solutions were worth $5,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SWKS. Rothschild Investment LLC purchased a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in Skyworks Solutions during the 2nd quarter worth $27,000. Blue Trust Inc. grew its stake in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $49,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities upped their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average target price of $101.00.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $83.69 on Monday. The business’s fifty day moving average is $95.14 and its 200 day moving average is $100.23. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 3.01. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The company’s revenue was down 15.9% on a year-over-year basis. Research analysts predict that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

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.