Xcel Wealth Management LLC Has $1.79 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Xcel Wealth Management LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,108 shares of the semiconductor manufacturer’s stock after buying an additional 1,000 shares during the quarter. Xcel Wealth Management LLC’s holdings in Skyworks Solutions were worth $1,789,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Duality Advisers LP bought a new position in shares of Skyworks Solutions during the 1st quarter valued at about $1,517,000. Brookstone Capital Management bought a new stake in Skyworks Solutions in the 1st quarter valued at approximately $262,000. Advisors Asset Management Inc. lifted its stake in Skyworks Solutions by 73.3% in the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after acquiring an additional 6,795 shares in the last quarter. M&G Plc bought a new stake in Skyworks Solutions in the 2nd quarter valued at approximately $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Skyworks Solutions by 10.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock valued at $48,843,000 after acquiring an additional 43,373 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on SWKS. Rosenblatt Securities boosted their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Barclays lowered Skyworks Solutions from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $115.00 to $87.00 in a research report on Thursday, October 10th. Finally, Bank of America boosted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.65.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded down $1.20 during trading on Tuesday, reaching $95.61. 570,391 shares of the company traded hands, compared to its average volume of 2,356,027. The company’s 50 day moving average is $101.19 and its two-hundred day moving average is $101.72. The firm has a market capitalization of $15.27 billion, a PE ratio of 19.69, a PEG ratio of 4.47 and a beta of 1.20. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 57.73%.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value 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 approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value 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 approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the 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 transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock worth $2,142,110 in the last ninety days. 0.34% of the stock is owned by insiders.

Skyworks Solutions Company 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.