Arvest Bank Trust Division Invests $11.21 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arvest Bank Trust Division purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 113,487 shares of the semiconductor manufacturer's stock, valued at approximately $11,209,000. Arvest Bank Trust Division owned about 0.07% of Skyworks Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SWKS. Sequoia Financial Advisors LLC increased its position in Skyworks Solutions by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock worth $239,000 after purchasing an additional 87 shares during the period. AlphaMark Advisors LLC raised its position in shares of Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer's stock valued at $83,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Skyworks Solutions by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer's stock valued at $1,468,000 after purchasing an additional 100 shares during the period. Zega Financial LLC grew its holdings in Skyworks Solutions by 5.0% during the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer's stock valued at $224,000 after purchasing an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its stake in Skyworks Solutions by 0.7% in the second quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer's stock valued at $1,569,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Up 0.3 %

NASDAQ SWKS traded up $0.23 during trading hours on Thursday, hitting $89.64. 1,621,988 shares of the company traded hands, compared to its average volume of 2,380,408. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The business's 50-day moving average is $90.85 and its 200-day moving average is $99.41. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.93 and a beta of 1.19. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 EPS. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.12%. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Insider Buying and Selling

In other Skyworks Solutions news, 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 transaction, the senior vice president now directly owns 37,203 shares of the company's stock, valued at $3,793,589.91. This represents a 20.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,841 shares of company stock valued at $3,034,265. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research analyst reports. Barclays decreased their price target on shares of Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. B. Riley cut their price objective on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Craig Hallum decreased their price objective on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Finally, Morgan Stanley dropped their target price 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, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.