Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,753 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,450 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Vulcan Value Partners LLC grew its position in shares of Skyworks Solutions by 38.8% in the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after purchasing an additional 1,262,964 shares in the last quarter. Pacer Advisors Inc. boosted its position 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 valued at $370,768,000 after acquiring an additional 1,233,618 shares during the last quarter. Swedbank AB purchased a new stake in shares of Skyworks Solutions in the first quarter valued at about $110,086,000. Vanguard Group Inc. increased its position in Skyworks Solutions by 4.0% during 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 last quarter. Finally, Pzena Investment Management LLC raised its stake in Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after purchasing an additional 740,048 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. TD Cowen increased their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Craig Hallum lifted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and set a $115.00 price target (up from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, Rosenblatt Securities upped their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $112.53.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $98.21 on Thursday. The stock’s 50-day simple moving average is $101.47 and its 200-day simple moving average is $101.94. The firm has a market capitalization of $15.69 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20. 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 quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share 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 company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter last year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is 57.73%.

Insider Activity 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 other news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock valued at $2,142,110 in the last three months. 0.35% of the stock is currently owned by company 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.