Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Boosted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,722 shares of the semiconductor manufacturer’s stock after purchasing an additional 107 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Skyworks Solutions were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S boosted its position in Skyworks Solutions by 51.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,057 shares of the semiconductor manufacturer’s stock worth $456,000 after acquiring an additional 1,376 shares during the period. Quest Partners LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth approximately $68,000. Aigen Investment Management LP acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $291,000. Commerce Bank grew its position in Skyworks Solutions by 6.7% during the fourth quarter. Commerce Bank now owns 59,326 shares of the semiconductor manufacturer’s stock valued at $6,669,000 after purchasing an additional 3,721 shares in the last quarter. Finally, Cypress Asset Management Inc. TX acquired a new position in Skyworks Solutions in the 4th quarter valued at approximately $229,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $97.76 on Friday. 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 has a 50 day moving average price of $107.02 and a 200 day moving average price of $103.03. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86.

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

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,068 shares of company stock valued at $1,252,490. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on SWKS shares. Barclays boosted their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Bank of America upped their target price on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Finally, Rosenblatt Securities raised their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $114.18.

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.