Sigma Investment Counselors Inc. Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sigma Investment Counselors Inc. lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,052 shares of the semiconductor manufacturer’s stock after buying an additional 1,037 shares during the period. Sigma Investment Counselors Inc.’s holdings in Skyworks Solutions were worth $2,136,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Laidlaw Wealth Management LLC grew its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,651 shares of the semiconductor manufacturer’s stock worth $256,000 after purchasing an additional 78 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Skyworks Solutions by 6.9% in the first quarter. ARK Investment Management LLC now owns 1,344 shares of the semiconductor manufacturer’s stock worth $179,000 after purchasing an additional 87 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Skyworks Solutions by 2.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,602 shares of the semiconductor manufacturer’s stock worth $559,000 after purchasing an additional 91 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its position in Skyworks Solutions by 6.7% during the 4th quarter. Shepherd Kaplan Krochuk LLC now owns 1,524 shares of the semiconductor manufacturer’s stock valued at $236,000 after acquiring an additional 96 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in Skyworks Solutions by 6.4% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 1,587 shares of the semiconductor manufacturer’s stock valued at $211,000 after acquiring an additional 96 shares in the last quarter. 74.61% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Karilee A. Durham sold 5,858 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the transaction, the senior vice president now directly owns 10,130 shares of the company’s stock, valued at $1,137,193.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $2.37 during mid-day trading on Friday, hitting $93.28. 54,507 shares of the company traded hands, compared to its average volume of 1,745,379. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $104.62 and its 200-day moving average price is $109.28. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $88.76 and a one year high of $175.44.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.39. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Research analysts anticipate that Skyworks Solutions, Inc. will post 9.95 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.66%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Wednesday, August 24th. Skyworks Solutions’s dividend payout ratio is presently 31.51%.

Analyst Upgrades and Downgrades

SWKS has been the topic of several research reports. Exane BNP Paribas initiated coverage on Skyworks Solutions in a research report on Tuesday, September 13th. They set an “outperform” rating on the stock. The Goldman Sachs Group cut their price objective on Skyworks Solutions from $120.00 to $97.00 in a research report on Friday, July 15th. Mizuho dropped their price target on Skyworks Solutions from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Barclays reduced their price objective on Skyworks Solutions from $125.00 to $122.00 and set an “equal weight” rating for the company in a research report on Monday, July 25th. Finally, Wells Fargo & Company dropped their target price on Skyworks Solutions from $160.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.29.

Skyworks Solutions Profile

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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