Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Xcel Wealth Management LLC

Xcel Wealth Management LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,108 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,000 shares during the period. Xcel Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,789,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SWKS. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 15.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock worth $255,000 after buying an additional 338 shares during the last quarter. Koss Olinger Consulting LLC lifted its stake in shares of Skyworks Solutions by 10.6% in the third quarter. Koss Olinger Consulting LLC now owns 2,916 shares of the semiconductor manufacturer’s stock valued at $288,000 after purchasing an additional 280 shares during the period. Vest Financial LLC lifted its stake in shares of Skyworks Solutions by 29.6% in the third quarter. Vest Financial LLC now owns 2,489 shares of the semiconductor manufacturer’s stock valued at $246,000 after purchasing an additional 568 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Skyworks Solutions by 26.4% in the third quarter. Resonant Capital Advisors LLC now owns 2,867 shares of the semiconductor manufacturer’s stock valued at $283,000 after purchasing an additional 598 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Skyworks Solutions by 3.5% in the third quarter. First Citizens Bank & Trust Co. now owns 5,912 shares of the semiconductor manufacturer’s stock valued at $584,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,341 shares of company stock worth $2,142,110 over the last 90 days. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SWKS shares. Susquehanna lowered their price target on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday. Barclays downgraded shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $115.00 to $87.00 in a research note on Thursday, October 10th. Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.65.

Skyworks Solutions Stock Down 1.2 %

Shares of NASDAQ SWKS traded down $1.20 during mid-day trading on Tuesday, reaching $95.61. The company had a trading volume of 570,391 shares, compared to its average volume of 2,356,027. The stock has a fifty day moving average of $101.19 and a two-hundred day moving average of $101.72. 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 company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 4.47 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 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 during the quarter, compared to analyst estimates of $900.41 million. During the same period in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue was down 15.5% compared to the same quarter last year. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.93%. The ex-dividend date was Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is 57.73%.

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.