Coldstream Capital Management Inc. Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Coldstream Capital Management Inc. lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,574 shares of the semiconductor manufacturer’s stock after buying an additional 1,078 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Skyworks Solutions were worth $2,129,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SWKS. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in 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 purchasing an additional 149 shares during the last quarter. Finally, Investors Research Corp increased its holdings in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were 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 in the company, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 2.0 %

NASDAQ:SWKS opened at $89.41 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The business has a 50 day simple moving average of $90.85 and a 200 day simple moving average of $99.41. The firm has a market capitalization of $14.30 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.93 and a beta of 1.19.

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

Skyworks Solutions Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.13%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several analyst reports. Barclays dropped their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley lowered their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. B. Riley lowered their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Mizuho lowered their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.00.

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.