Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Increased by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 24.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,170 shares of the semiconductor manufacturer's stock after acquiring an additional 10,455 shares during the quarter. Empowered Funds LLC's holdings in Skyworks Solutions were worth $5,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its position 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 in the last quarter. Matrix Trust Co acquired a new stake in Skyworks Solutions during the 3rd quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Skyworks Solutions during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. Rosenblatt Securities upped their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price target on Skyworks Solutions from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Susquehanna decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group upgraded Skyworks Solutions to a "hold" rating in a report on Wednesday, July 31st. Finally, Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $101.00.

Insider Activity

In other news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert John Terry sold 1,821 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at $2,214,960.72. The trade was a 6.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,841 shares of company stock worth $3,034,265. Insiders own 0.35% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $0.30 on Monday, reaching $83.99. 2,994,108 shares of the stock traded hands, compared to its average volume of 2,385,614. The firm's fifty day simple moving average is $95.14 and its 200 day simple moving average is $100.23. The company has a quick ratio of 2.19, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $1.95 EPS. The firm's quarterly revenue was down 15.9% on a year-over-year basis. As a group, research analysts predict that Skyworks Solutions, Inc. will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.33%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

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.