Commerce Bank Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commerce Bank increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,181 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,503 shares during the quarter. Commerce Bank’s holdings in Skyworks Solutions were worth $6,537,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SWKS. O Shaughnessy Asset Management LLC grew its holdings in Skyworks Solutions by 23.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer’s stock worth $396,000 after acquiring an additional 689 shares during the period. Bessemer Group Inc. grew its holdings in shares of Skyworks Solutions by 39.8% during the first quarter. Bessemer Group Inc. now owns 14,926 shares of the semiconductor manufacturer’s stock worth $1,617,000 after buying an additional 4,246 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Skyworks Solutions by 73.3% in the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after buying an additional 6,795 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Skyworks Solutions by 0.4% in the first quarter. Toronto Dominion Bank now owns 98,178 shares of the semiconductor manufacturer’s stock worth $10,635,000 after buying an additional 361 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Skyworks Solutions by 294.2% during the first quarter. Canada Pension Plan Investment Board now owns 218,780 shares of the semiconductor manufacturer’s stock worth $23,698,000 after acquiring an additional 163,285 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price target on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Rosenblatt Securities upped their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup reduced their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research note on Wednesday, November 13th. Finally, Bank of America raised their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Up 2.0 %

Shares of NASDAQ:SWKS opened at $85.13 on Friday. The company has a quick ratio of 2.19, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. The firm’s 50 day moving average price is $93.83 and its 200 day moving average price is $99.91.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share 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. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.29%. Skyworks Solutions’s payout ratio is currently 75.68%.

About Skyworks Solutions

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.