Fairscale Capital LLC Invests $143,000 in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Fairscale Capital LLC purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,345 shares of the semiconductor manufacturer’s stock, valued at approximately $143,000.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Quest Partners LLC purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth about $68,000. Aigen Investment Management LP acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $291,000. Commerce Bank lifted its position in shares of Skyworks Solutions by 6.7% in the fourth quarter. Commerce Bank now owns 59,326 shares of the semiconductor manufacturer’s stock valued at $6,669,000 after acquiring an additional 3,721 shares in the last quarter. MUFG Securities EMEA plc lifted its position in shares of Skyworks Solutions by 16.5% in the fourth quarter. MUFG Securities EMEA plc now owns 11,980 shares of the semiconductor manufacturer’s stock valued at $1,347,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth approximately $10,053,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Craig Hallum boosted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $114.18.

Skyworks Solutions Stock Down 1.7 %

Shares of NASDAQ:SWKS opened at $97.76 on Friday. The firm’s 50-day moving average is $106.72 and its two-hundred day moving average is $103.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The firm has a market capitalization of $15.69 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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 for the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Insider Transactions at Skyworks Solutions

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

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.