Impact Partnership Wealth LLC Sells 134 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Impact Partnership Wealth LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.6% in the third quarter, Holdings Channel.com reports. The firm owned 8,066 shares of the semiconductor manufacturer’s stock after selling 134 shares during the period. Impact Partnership Wealth LLC’s holdings in Skyworks Solutions were worth $797,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWKS. Vulcan Value Partners LLC grew its holdings in shares of Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after buying an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after buying an additional 1,233,618 shares during the last quarter. Swedbank AB purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $110,086,000. Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock valued at $371,445,000 after buying an additional 740,048 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $0.02 on Thursday, reaching $94.96. The company had a trading volume of 69,048 shares, compared to its average volume of 2,347,933. 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 has a market capitalization of $15.17 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The firm’s 50 day moving average price is $100.77 and its 200 day moving average price is $101.61. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s payout ratio is currently 57.73%.

Analyst Ratings Changes

SWKS has been the topic of a number of recent analyst reports. B. Riley cut their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities raised their target price 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. TD Cowen raised their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Susquehanna dropped their target price on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $111.06.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, 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 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,341 shares of company stock worth $2,142,110. Insiders own 0.34% of the company’s stock.

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.