Valley National Advisers Inc. Has $1.39 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Valley National Advisers Inc. reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,084 shares of the semiconductor manufacturer’s stock after selling 460 shares during the period. Valley National Advisers Inc.’s holdings in Skyworks Solutions were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB raised its position in Skyworks Solutions by 56.7% in the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer’s stock worth $169,769,000 after acquiring an additional 576,576 shares during the period. AlphaMark Advisors LLC lifted its stake in Skyworks Solutions by 14.8% in the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 100 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Skyworks Solutions in the second quarter worth $278,000. 180 Wealth Advisors LLC raised its stake in Skyworks Solutions by 33.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,165 shares of the semiconductor manufacturer’s stock valued at $568,000 after buying an additional 1,309 shares during the last quarter. Finally, Keudell Morrison Wealth Management increased its holdings in shares of Skyworks Solutions by 13.7% in the 2nd quarter. Keudell Morrison Wealth Management now owns 5,078 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 613 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SWKS. JPMorgan Chase & Co. increased their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Rosenblatt Securities lifted their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Citigroup dropped their target price on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Bank of America raised their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $113.94.

Insider Transactions at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction 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 sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the sale, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Insiders sold a total of 28,180 shares of company stock valued at $2,597,864 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 1.3 %

Skyworks Solutions stock traded down $1.45 during trading hours on Friday, hitting $107.32. The stock had a trading volume of 1,381,279 shares, compared to its average volume of 2,498,044. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $107.88 and its 200-day simple moving average is $103.12. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 4.92 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. During the same period last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.61%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s payout ratio is presently 51.13%.

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.