Meeder Advisory Services Inc. Buys 320 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Meeder Advisory Services Inc. boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,056 shares of the semiconductor manufacturer’s stock after purchasing an additional 320 shares during the period. Meeder Advisory Services Inc.’s holdings in Skyworks Solutions were worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Skyworks Solutions by 2.2% in the fourth quarter. Teacher Retirement System of Texas now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,431,000 after buying an additional 275 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Skyworks Solutions by 23.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,994 shares of the semiconductor manufacturer’s stock worth $899,000 after acquiring an additional 1,498 shares during the period. Avantax Advisory Services Inc. raised its holdings in Skyworks Solutions by 10.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,157 shares of the semiconductor manufacturer’s stock valued at $467,000 after acquiring an additional 400 shares in the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Skyworks Solutions by 27.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 8,464 shares of the semiconductor manufacturer’s stock valued at $952,000 after acquiring an additional 1,827 shares during the period. Finally, Norges Bank acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth $226,266,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SWKS shares. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Bank of America boosted their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Rosenblatt Securities increased their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Susquehanna reissued a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Craig Hallum upped their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.94.

Insider Activity

In related news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,068 shares of company stock valued at $1,252,490. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Stock Up 2.0 %

Shares of NASDAQ:SWKS opened at $102.47 on Monday. The firm has a market cap of $16.37 billion, a P/E ratio of 19.26, a P/E/G ratio of 4.71 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The business has a fifty day simple moving average of $107.89 and a 200 day simple moving average of $103.23. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm’s revenue was down 15.5% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. Analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is 52.63%.

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.