Creative Planning Acquires 3,540 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Creative Planning boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,142 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,540 shares during the quarter. Creative Planning owned 0.09% of Skyworks Solutions worth $14,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new stake in Skyworks Solutions in the first quarter valued at $27,000. Innealta Capital LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions during the second quarter worth about $27,000. Access Investment Management LLC acquired a new position in shares of 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 valued at $36,000 after acquiring an additional 149 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 21,341 shares of company stock valued at $2,142,110 in the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWKS. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Craig Hallum boosted their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Susquehanna lowered their target price on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday. Finally, Rosenblatt Securities lifted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $111.65.

Skyworks Solutions Stock Down 1.8 %

SWKS stock opened at $96.81 on Tuesday. The firm has a market capitalization of $15.46 billion, a PE ratio of 19.96, a P/E/G ratio of 4.47 and a beta of 1.20. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86. The stock’s 50 day moving average is $101.30 and its 200-day moving average is $101.78.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 business had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. During the same period last year, the business earned $1.50 EPS. The business’s revenue was down 15.5% on a year-over-year basis. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.89%. Skyworks Solutions’s dividend payout ratio (DPR) is 57.73%.

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.