Brookstone Capital Management Invests $262,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Brookstone Capital Management purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,416 shares of the semiconductor manufacturer’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. raised its position in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares during the period. AdvisorNet Financial Inc increased its position in Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares during the period. Vestor Capital LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at approximately $43,000. West Branch Capital LLC increased its position in Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 400 shares during the period. Finally, Avior Wealth Management LLC increased its position in Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after acquiring an additional 136 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

SWKS opened at $106.96 on Wednesday. The firm has a market cap of $17.16 billion, a PE ratio of 20.11, a P/E/G ratio of 5.07 and a beta of 1.23. The business has a fifty day simple moving average of $97.67 and a 200-day simple moving average of $102.62. 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 fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last issued 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. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.54%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert A. Schriesheim sold 25,433 shares of the 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 completion of the sale, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SWKS has been the topic of several analyst reports. Rosenblatt Securities lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Susquehanna reaffirmed a “neutral” rating and set a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, Citigroup decreased their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.