Rehmann Capital Advisory Group Purchases 378 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rehmann Capital Advisory Group lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,672 shares of the semiconductor manufacturer’s stock after purchasing an additional 378 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Skyworks Solutions were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas purchased a new position in Skyworks Solutions in the first quarter worth $27,000. Access Investment Management LLC purchased a new position in Skyworks Solutions in the first quarter worth $31,000. ST Germain D J Co. Inc. grew its position in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. AdvisorNet Financial Inc grew its position in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $43,000. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SWKS. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. UBS Group cut their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Finally, Rosenblatt Securities cut their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.19.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Liam Griffin acquired 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Trading Up 3.2 %

SWKS stock traded up $3.42 during trading on Wednesday, reaching $109.83. The company had a trading volume of 1,093,411 shares, compared to its average volume of 2,403,405. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The business has a 50 day moving average of $97.76 and a 200 day moving average of $102.41. The company has a market cap of $17.62 billion, a P/E ratio of 20.00, a PEG ratio of 5.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is 51.13%.

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.