Cwm LLC Grows Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cwm LLC increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 21.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,731 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,021 shares during the period. Cwm LLC’s holdings in Skyworks Solutions were worth $621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. ST Germain D J Co. Inc. grew its position in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. AdvisorNet Financial Inc grew its position in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares in the last quarter. Vestor Capital LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $43,000. West Branch Capital LLC lifted its stake in Skyworks Solutions by 8,000.0% in the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Skyworks Solutions by 47.9% in the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $106.38 on Friday. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a market cap of $17.07 billion, a P/E ratio of 20.00, a PEG ratio of 4.96 and a beta of 1.24. The firm has a 50-day moving average of $96.56 and a 200 day moving average of $102.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.22 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Analysts Set New Price Targets

SWKS has been the subject of several recent research reports. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $130.00 in a research note on Thursday. TD Cowen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $125.00 to $90.00 in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Mizuho lowered their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.19.

Skyworks Solutions Profile

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.