Pathstone Holdings LLC Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Pathstone Holdings LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,640 shares of the semiconductor manufacturer’s stock after buying an additional 1,433 shares during the quarter. Pathstone Holdings LLC’s holdings in Skyworks Solutions were worth $2,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC increased its stake in shares of Skyworks Solutions by 23.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer’s stock worth $396,000 after purchasing an additional 689 shares in the last quarter. Janus Henderson Group PLC increased its position in Skyworks Solutions by 1.9% in the first quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer’s stock worth $2,259,000 after buying an additional 394 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Skyworks Solutions in the first quarter worth about $930,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Skyworks Solutions by 14.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer’s stock valued at $306,000 after buying an additional 383 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Skyworks Solutions by 1.3% during the 1st quarter. California State Teachers Retirement System now owns 259,934 shares of the semiconductor manufacturer’s stock valued at $28,156,000 after acquiring an additional 3,446 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 20.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 over the last 90 days. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the topic of several analyst reports. Rosenblatt Securities lifted their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays lowered their target price on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler cut their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $86.28 on Wednesday. The firm has a fifty day simple moving average of $93.30 and a two-hundred day simple moving average of $99.93. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.80 billion, a P/E ratio of 23.32, a PEG ratio of 1.88 and a beta of 1.21. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

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.