2,416 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Brookstone Capital Management

Brookstone Capital Management acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,416 shares of the semiconductor manufacturer’s stock, valued at approximately $262,000.

Several other institutional investors have also recently bought and sold shares of SWKS. O Shaughnessy Asset Management LLC bought a new position in Skyworks Solutions in the 3rd quarter worth approximately $297,000. Schonfeld Strategic Advisors LLC raised its position in Skyworks Solutions by 902.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 52,500 shares of the semiconductor manufacturer’s stock worth $5,176,000 after purchasing an additional 47,262 shares during the last quarter. Advisors Asset Management Inc. raised its position in Skyworks Solutions by 172.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,871 shares of the semiconductor manufacturer’s stock worth $480,000 after purchasing an additional 3,081 shares during the last quarter. Alps Advisors Inc. raised its position in Skyworks Solutions by 3.6% in the 3rd quarter. Alps Advisors Inc. now owns 13,804 shares of the semiconductor manufacturer’s stock worth $1,361,000 after purchasing an additional 474 shares during the last quarter. Finally, Earnest Partners LLC raised its position in Skyworks Solutions by 2.2% in the 3rd quarter. Earnest Partners LLC now owns 487,234 shares of the semiconductor manufacturer’s stock worth $48,036,000 after purchasing an additional 10,518 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $106.96 on Wednesday. The firm has a market cap of $17.16 billion, a PE ratio of 20.11, a PEG ratio of 5.07 and a beta of 1.23. 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 1-year low of $85.06 and a 1-year high of $115.69. The company has a fifty day moving average price of $97.67 and a 200 day moving average price of $102.62.

Skyworks Solutions (NASDAQ:SWKS) last announced 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 during 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%. Research analysts predict that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.54%. Skyworks Solutions’s dividend payout ratio is 51.13%.

Analyst Ratings Changes

SWKS has been the subject of several recent research reports. Piper Sandler dropped their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Susquehanna reiterated a “neutral” rating and set a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Citigroup dropped their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research report on Thursday, May 2nd. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Cowen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the company from $125.00 to $90.00 in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $107.19.

Insider Transactions 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 shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now directly 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 link. In other news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now directly 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 link. Also, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

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.