Touchstone Capital Inc. Has $5.84 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Touchstone Capital Inc. grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,149 shares of the semiconductor manufacturer's stock after acquiring an additional 18,011 shares during the period. Skyworks Solutions comprises about 8.9% of Touchstone Capital Inc.'s portfolio, making the stock its 2nd largest holding. Touchstone Capital Inc.'s holdings in Skyworks Solutions were worth $5,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. boosted its holdings in shares of Skyworks Solutions by 6.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,862 shares of the semiconductor manufacturer's stock worth $1,567,000 after buying an additional 922 shares during the period. Creative Planning boosted its holdings in shares of Skyworks Solutions by 2.4% during the 3rd quarter. Creative Planning now owns 148,142 shares of the semiconductor manufacturer's stock worth $14,632,000 after buying an additional 3,540 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 38,666 shares of the semiconductor manufacturer's stock worth $3,819,000 after buying an additional 1,279 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Skyworks Solutions by 18.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 56,900 shares of the semiconductor manufacturer's stock worth $5,620,000 after buying an additional 8,897 shares during the period. Finally, Carnegie Investment Counsel boosted its holdings in shares of Skyworks Solutions by 4.2% during the 3rd quarter. Carnegie Investment Counsel now owns 21,872 shares of the semiconductor manufacturer's stock worth $2,160,000 after buying an additional 878 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.35 on Wednesday, hitting $98.21. The company had a trading volume of 1,525,165 shares, compared to its average volume of 2,380,251. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 4.50 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $101.43 and a two-hundred day moving average of $101.96. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same period last year, the company earned $1.50 EPS. The firm's revenue was down 15.5% compared to the same quarter last year. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.85%. Skyworks Solutions's dividend payout ratio (DPR) is currently 57.73%.

Insider Buying and Selling

In related news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. 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 firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares of the company's stock, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SWKS. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Susquehanna reiterated a "neutral" rating and issued a $125.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Piper Sandler reiterated a "neutral" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Skyworks Solutions to a "hold" rating in a research note on Wednesday, July 31st. Three 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.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $112.53.

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.