Cwm LLC Has $809,000 Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cwm LLC raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,195 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,375 shares during the period. Cwm LLC’s holdings in Skyworks Solutions were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SWKS. BNP Paribas acquired a new position in Skyworks Solutions during the 1st quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions during the 2nd quarter valued at about $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.6 %

SWKS opened at $98.61 on Friday. The company has a fifty day moving average price of $101.30 and a 200-day moving average price of $101.85. The firm has a market capitalization of $15.75 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 4.50 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, Inc. has a one year low of $85.06 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. Equities research analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company 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 is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s payout ratio is 57.73%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SWKS shares. Barclays cut shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $87.00 in a research report on Thursday, October 10th. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Rosenblatt Securities lifted their price target 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. Finally, Craig Hallum lifted their price target 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. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $112.53.

Insider Activity

In related news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 in the company, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,341 shares of company stock worth $2,142,110 in the last three months. Corporate insiders own 0.35% of the company’s stock.

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.