Integrated Wealth Concepts LLC Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Integrated Wealth Concepts LLC raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 66.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,138 shares of the semiconductor manufacturer's stock after purchasing an additional 6,051 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Skyworks Solutions were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SWKS. HighTower Advisors LLC grew its holdings in Skyworks Solutions by 354.1% during the third quarter. HighTower Advisors LLC now owns 126,229 shares of the semiconductor manufacturer's stock valued at $12,475,000 after purchasing an additional 98,432 shares during the period. Hilltop Holdings Inc. lifted its holdings in Skyworks Solutions by 12.4% during the third quarter. Hilltop Holdings Inc. now owns 19,819 shares of the semiconductor manufacturer's stock valued at $1,958,000 after purchasing an additional 2,187 shares during the last quarter. Centiva Capital LP bought a new position in Skyworks Solutions during the third quarter worth about $3,676,000. Benjamin Edwards Inc. purchased a new position in shares of Skyworks Solutions in the third quarter worth about $1,996,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $463,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWKS. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Citigroup reduced their target price on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a report on Wednesday, November 13th. Piper Sandler lowered their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Loop Capital assumed coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a "hold" rating and a $90.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and a consensus price target of $101.00.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 15,960 shares of the company's stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock valued at $3,034,265. Insiders own 0.34% of the company's stock.

Skyworks Solutions Trading Up 1.7 %

Skyworks Solutions stock traded up $1.45 during mid-day trading on Friday, reaching $87.87. 3,203,816 shares of the company traded hands, compared to its average volume of 2,581,046. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm's 50 day moving average price is $91.35 and its 200 day moving average price is $99.53. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.94 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business's quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. On average, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. 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 3.19%. Skyworks Solutions's payout ratio is currently 75.68%.

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.