Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,098 shares of the semiconductor manufacturer’s stock after buying an additional 151 shares during the period. Stonehearth Capital Management LLC’s holdings in Skyworks Solutions were worth $227,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. grew its holdings in Skyworks Solutions by 288.6% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 15,850 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after buying an additional 11,771 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $534,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Skyworks Solutions during the fourth quarter worth about $4,160,000. Vanguard Group Inc. raised its stake in Skyworks Solutions by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after purchasing an additional 123,564 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $55,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho reduced their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Citigroup decreased their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Susquehanna reaffirmed a “neutral” rating and issued a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $106.25.

Skyworks Solutions Stock Up 0.2 %

SWKS traded up $0.16 on Tuesday, hitting $106.46. 2,216,422 shares of the company were exchanged, compared to its average volume of 2,402,087. The firm has a 50-day moving average price of $96.37 and a two-hundred day moving average price of $102.49. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 4.89 and a beta of 1.24.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. On average, equities analysts predict that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.55%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

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.