Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2,588.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,210 shares of the semiconductor manufacturer’s stock after buying an additional 1,165 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Skyworks Solutions were worth $129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Duality Advisers LP purchased a new stake in shares of Skyworks Solutions during the 1st quarter valued at approximately $1,517,000. State of Tennessee Treasury Department raised its position in Skyworks Solutions by 152.8% in the fourth quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after purchasing an additional 71,899 shares during the period. Brookstone Capital Management acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $262,000. FIL Ltd lifted its stake in shares of Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares during the last quarter. Finally, Cibc World Markets Corp grew its holdings in shares of Skyworks Solutions by 133.3% during the 4th quarter. Cibc World Markets Corp now owns 20,523 shares of the semiconductor manufacturer’s stock worth $2,307,000 after purchasing an additional 11,725 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the firm’s 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 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 filing with the SEC, which is accessible through the SEC website. In related news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the transaction, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The disclosure for this sale can be found here. Insiders sold a total of 12,068 shares of company stock valued at $1,252,490 over the last ninety days. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $130.00 in a research report on Thursday, June 20th. Stifel Nicolaus boosted their target price on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Susquehanna restated a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Two equities 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $114.18.

Skyworks Solutions Trading Up 0.6 %

NASDAQ:SWKS opened at $98.73 on Wednesday. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The stock has a market cap of $15.77 billion, a P/E ratio of 18.56, a P/E/G ratio of 4.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The stock has a 50-day simple moving average of $105.93 and a 200-day simple moving average of $102.87.

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

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

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.