Denali Advisors LLC Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Denali Advisors LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 60.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,208 shares of the semiconductor manufacturer’s stock after buying an additional 1,208 shares during the quarter. Denali Advisors LLC’s holdings in Skyworks Solutions were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SWKS. ST Germain D J Co. Inc. increased its stake in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Skyworks Solutions by 790.0% during 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 during the period. Vestor Capital LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $43,000. West Branch Capital LLC grew its stake 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 purchasing an additional 400 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of Skyworks Solutions by 47.9% during the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after purchasing an additional 136 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was 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 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.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $104.63 on Thursday. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 5.09 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. The business has a 50-day simple moving average of $97.74 and a 200 day simple moving average of $102.63. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts forecast that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business 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 of this dividend was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.60%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWKS. Piper Sandler cut their price target on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wells Fargo & Company reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Susquehanna reaffirmed a “neutral” rating and issued a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Benchmark downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.