PSI Advisors LLC Has $1.53 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

PSI Advisors LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,492 shares of the semiconductor manufacturer’s stock after selling 1,263 shares during the quarter. PSI Advisors LLC’s holdings in Skyworks Solutions were worth $1,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas bought a new position in Skyworks Solutions in the 1st quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions during the second quarter worth $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. grew 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 last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. TD Cowen lifted their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. B. Riley dropped their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Rosenblatt Securities increased their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.06.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $95.27 on Thursday. The firm has a 50 day moving average of $100.77 and a 200-day moving average of $101.61. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86.

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

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.94%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is presently 57.73%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,341 shares of company stock valued at $2,142,110. Company insiders own 0.34% of the company’s stock.

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.