Kimelman & Baird LLC Takes $240,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kimelman & Baird LLC purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,250 shares of the semiconductor manufacturer’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently made changes to their positions in SWKS. BNP Paribas purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in Skyworks Solutions in the second quarter worth approximately $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the second quarter worth approximately $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. boosted its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on 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 of the company’s stock, valued at approximately $1,875,888.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Skyworks Solutions 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 value of $950,462.37. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on 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 transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock valued at $1,252,490 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 0.1 %

Shares of SWKS stock opened at $98.77 on Tuesday. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.64 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The company’s fifty day moving average price is $104.49 and its 200-day moving average price is $102.63. 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 (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. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s payout ratio is currently 52.63%.

Analyst Ratings Changes

SWKS has been the topic of several research reports. Piper Sandler restated a “neutral” rating and issued a $115.00 target price (up previously from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Rosenblatt Securities raised their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America raised their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Craig Hallum raised their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen increased their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.18.

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.