Cetera Investment Advisers Has $5.21 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cetera Investment Advisers boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,911 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,827 shares during the quarter. Cetera Investment Advisers’ holdings in Skyworks Solutions were worth $5,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vulcan Value Partners LLC lifted its holdings in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after purchasing an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after acquiring an additional 1,233,618 shares during the last quarter. Swedbank AB bought a new position in shares of Skyworks Solutions in the first quarter valued at approximately $110,086,000. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after acquiring an additional 745,374 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position in Skyworks Solutions by 27.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after acquiring an additional 740,048 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $96.14 on Wednesday. The firm’s 50 day simple moving average is $102.15 and its 200 day simple moving average is $102.27. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 4.39 and a beta of 1.20. 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 posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same period last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm 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 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is 52.63%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. 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. TD Cowen increased their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their target price 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. Craig Hallum increased their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $114.18.

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 approximately $1,875,888.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Reza Kasnavi sold 1,843 shares of the company’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 value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,616 shares of company stock valued at $1,202,770 over the last 90 days. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Company 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.