Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Raised by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,193 shares of the semiconductor manufacturer’s stock after buying an additional 618 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Skyworks Solutions were worth $1,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in Skyworks Solutions during the 1st quarter worth about $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $27,000. Access Investment Management LLC acquired a new stake in Skyworks Solutions during the 1st quarter worth about $31,000. Finally, Blue Trust Inc. raised its holdings in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Rosenblatt Securities upped their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America upped their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Barclays upped their target price on Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Craig Hallum upped their target price on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $114.18.

Insider Activity at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Skyworks Solutions news, 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 approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, 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. Over the last ninety days, insiders sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.10 during trading hours on Friday, reaching $96.83. 1,461,064 shares of the company were exchanged, compared to its average volume of 2,402,780. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 4.42 and a beta of 1.20. The stock has a 50-day moving average of $103.41 and a 200 day moving average of $102.49.

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

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is presently 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.