WCM Investment Management LLC Boosts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC grew its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 287.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,491 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,524 shares during the quarter. WCM Investment Management LLC’s holdings in Skyworks Solutions were worth $1,136,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares during the last quarter. Vulcan Value Partners LLC boosted its position in Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after acquiring an additional 1,262,964 shares during the last quarter. Pzena Investment Management LLC grew its stake in Skyworks Solutions by 19.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after acquiring an additional 661,144 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after acquiring an additional 1,233,618 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Skyworks Solutions by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer’s stock worth $212,993,000 after purchasing an additional 190,000 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SWKS shares. Robert W. Baird increased their price target on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Barclays downgraded Skyworks Solutions from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $115.00 to $87.00 in a report on Thursday, October 10th. B. Riley lowered their target price on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.94.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Carlos S. Bori sold 9,321 shares of the company’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 directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the firm’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 value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,162 shares of company stock worth $2,306,291 over the last 90 days. 0.35% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $87.04 on Wednesday. The firm has a market capitalization of $13.90 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The business’s fifty day moving average price is $96.17 and its 200 day moving average price is $100.61. Skyworks Solutions, Inc. has a 12 month low of $85.99 and a 12 month high of $120.86.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 57.73%.

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.