Bank of Stockton Has $686,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank of Stockton lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,945 shares of the semiconductor manufacturer’s stock after selling 735 shares during the period. Bank of Stockton’s holdings in Skyworks Solutions were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas purchased a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $27,000. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth about $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter valued at about $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions during the first quarter worth about $31,000. Finally, Blue Trust Inc. increased its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of research reports. Piper Sandler lowered their price target on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday. Rosenblatt Securities boosted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.88.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $0.90 during trading on Friday, hitting $95.98. 302,267 shares of the stock traded hands, compared to its average volume of 2,346,915. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 19.79, a PEG 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. The firm’s fifty day moving average is $100.50 and its 200-day moving average is $101.56.

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

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.92%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is presently 57.73%.

Insider Activity

In other news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is currently owned by insiders.

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.