Simmons Bank Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Simmons Bank raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 34.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,833 shares of the semiconductor manufacturer’s stock after buying an additional 1,249 shares during the period. Simmons Bank’s holdings in Skyworks Solutions were worth $477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Envestnet Portfolio Solutions Inc. boosted its position in Skyworks Solutions by 8.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer’s stock worth $937,000 after purchasing an additional 658 shares in the last quarter. Sei Investments Co. boosted its holdings in Skyworks Solutions by 49.1% during the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock worth $19,451,000 after buying an additional 59,145 shares in the last quarter. US Bancorp DE grew its position in Skyworks Solutions by 6.8% during the first quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock valued at $5,066,000 after buying an additional 2,970 shares during the period. Avantax Advisory Services Inc. increased its holdings in Skyworks Solutions by 28.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer’s stock valued at $578,000 after buying an additional 1,179 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Skyworks Solutions by 7.9% in the first quarter. Bleakley Financial Group LLC now owns 1,992 shares of the semiconductor manufacturer’s stock worth $216,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 4.4 %

Shares of NASDAQ SWKS opened at $83.18 on Thursday. The company has a market capitalization of $13.29 billion, a P/E ratio of 22.48, a P/E/G ratio of 3.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The company has a 50 day simple moving average of $95.79 and a 200-day simple moving average of $100.49. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.37%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s 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 sale, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,684 shares of company stock valued at $3,232,333 over the last 90 days. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Loop Capital began coverage on Skyworks Solutions in a research note on Monday. They issued a “hold” rating and a $90.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Craig Hallum decreased their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.59.

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.