Capital Investment Advisors LLC Acquires Shares of 79,695 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisors LLC bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 79,695 shares of the semiconductor manufacturer's stock, valued at approximately $7,871,000.

Other large investors have also recently made changes to their positions in the company. BNP Paribas acquired a new stake in Skyworks Solutions during the 1st quarter worth approximately $27,000. 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. Access Investment Management LLC acquired a new stake in Skyworks Solutions during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. lifted 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 acquiring an additional 149 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions 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 transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock worth $2,142,110 over the last quarter. 0.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Piper Sandler reissued a "neutral" rating and set a $115.00 target price (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Rosenblatt Securities increased their target price on Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird increased their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a "neutral" 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, the stock presently has an average rating of "Hold" and an average target price of $112.53.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded up $0.55 during mid-day trading on Friday, hitting $98.61. 1,211,186 shares of the company were exchanged, compared to its average volume of 2,370,834. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The business's 50 day simple moving average is $101.30 and its two-hundred day simple moving average is $101.82. The company has a market capitalization of $15.82 billion, a P/E ratio of 18.54, a PEG ratio of 4.50 and a beta of 1.20. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86.

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

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. Skyworks Solutions's dividend payout ratio (DPR) is 52.63%.

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.