GAMMA Investing LLC Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

GAMMA Investing LLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,664 shares of the semiconductor manufacturer’s stock after acquiring an additional 540 shares during the period. GAMMA Investing LLC’s holdings in Skyworks Solutions were worth $362,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new stake in Skyworks Solutions during the first quarter valued at about $1,517,000. State of Tennessee Treasury Department boosted its position in shares of 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 worth $13,373,000 after buying an additional 71,899 shares during the period. Brookstone Capital Management purchased a new stake in shares of Skyworks Solutions in the first quarter worth about $262,000. FIL Ltd boosted its position in shares of Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after buying an additional 64,389 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Skyworks Solutions by 73.3% in the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after buying an additional 6,795 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred 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 directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents 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 the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the 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 of the company’s stock, valued at $1,875,888.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,616 shares of company stock worth $1,202,770. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $115.00 target price (up previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Stifel Nicolaus upped their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Craig Hallum upped their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $114.18.

Skyworks Solutions Trading Up 1.7 %

Shares of NASDAQ SWKS opened at $97.80 on Thursday. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $101.84 and its two-hundred day moving average price is $102.24. The stock has a market capitalization of $15.69 billion, a P/E ratio of 18.38, a PEG ratio of 4.39 and a beta of 1.20. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, 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. Stockholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost 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%.

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.