Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,679 shares of the semiconductor manufacturer’s stock after buying an additional 1,298 shares during the period. Aviance Capital Partners LLC’s holdings in Skyworks Solutions were worth $2,998,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SWKS. O Shaughnessy Asset Management LLC acquired a new stake in Skyworks Solutions in the 3rd quarter worth about $297,000. Mutual Advisors LLC lifted its stake in Skyworks Solutions by 4.6% in the 3rd quarter. Mutual Advisors LLC now owns 4,328 shares of the semiconductor manufacturer’s stock worth $427,000 after purchasing an additional 189 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Skyworks Solutions by 16.8% in the 3rd quarter. Treasurer of the State of North Carolina now owns 89,641 shares of the semiconductor manufacturer’s stock worth $8,838,000 after purchasing an additional 12,864 shares in the last quarter. Synovus Financial Corp lifted its stake in Skyworks Solutions by 9.4% in the 3rd quarter. Synovus Financial Corp now owns 3,016 shares of the semiconductor manufacturer’s stock worth $298,000 after purchasing an additional 259 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Skyworks Solutions by 801.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,639 shares of the semiconductor manufacturer’s stock worth $1,049,000 after purchasing an additional 9,459 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.1 %

NASDAQ SWKS traded down $1.14 on Monday, reaching $105.44. The stock had a trading volume of 118,654 shares, compared to its average volume of 2,414,180. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 5.07 and a beta of 1.23. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The stock has a fifty day moving average price of $97.35 and a two-hundred day moving average price of $102.70.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly 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. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared 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 was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.58%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SWKS shares. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. TD Cowen lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $125.00 to $90.00 in a research note on Wednesday, May 1st. Stifel Nicolaus decreased their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. Finally, KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.19.

Insiders Place Their Bets

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction 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 transaction, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction on 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 transaction, the director now 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 0.35% of the company’s stock.

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.