500 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Register Financial Advisors LLC

Register Financial Advisors LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500 shares of the semiconductor manufacturer’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $302,309,000. Norges Bank bought a new position in Skyworks Solutions in the fourth quarter valued at about $226,266,000. Pacer Advisors Inc. raised its position in Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after purchasing an additional 465,223 shares during the last quarter. KBC Group NV raised its position in Skyworks Solutions by 2,156.7% in the fourth quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after purchasing an additional 420,858 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Skyworks Solutions by 42.0% in the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after purchasing an additional 338,838 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

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

Skyworks Solutions Trading Up 0.9 %

NASDAQ SWKS opened at $106.58 on Friday. The business has a 50 day simple moving average of $97.35 and a 200 day simple moving average of $102.78. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The stock has a market capitalization of $17.10 billion, a P/E ratio of 20.03, a P/E/G ratio of 5.02 and a beta of 1.24. 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 earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts expect that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Stifel Nicolaus dropped their target price on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Mizuho dropped their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. UBS Group decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” 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. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $107.19.

Skyworks Solutions Company 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.