Financial Advocates Investment Management Has $589,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Financial Advocates Investment Management raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 140.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,525 shares of the semiconductor manufacturer's stock after buying an additional 3,230 shares during the period. Financial Advocates Investment Management's holdings in Skyworks Solutions were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas purchased a new position in shares of Skyworks Solutions during the first quarter worth $27,000. Access Investment Management LLC purchased a new position in Skyworks Solutions in the first quarter valued at $31,000. Blue Trust Inc. boosted its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 149 shares during the period. ST Germain D J Co. Inc. boosted its holdings in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 130 shares during the period. Finally, Vestor Capital LLC purchased a new position in Skyworks Solutions in the fourth quarter valued at $43,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the business's stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares of the company's stock, valued at approximately $1,875,888.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders have sold 2,747 shares of company stock worth $302,027 in the last quarter. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SWKS. Susquehanna reiterated a "neutral" rating and issued a $125.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on Skyworks Solutions from $105.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. TD Cowen lifted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, May 1st. Finally, Piper Sandler restated a "neutral" rating and issued a $115.00 price target (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $113.94.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $0.97 during midday trading on Thursday, reaching $107.70. 2,039,944 shares of the stock were exchanged, compared to its average volume of 2,446,436. The business's 50-day moving average price is $108.60 and its 200 day moving average price is $103.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 5.04 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analysts' expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm's revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.68. Skyworks Solutions's payout ratio is 52.63%.

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.