Creative Planning Has $15.41 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Creative Planning lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,602 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,026 shares during the quarter. Creative Planning owned approximately 0.09% of Skyworks Solutions worth $15,412,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of 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 increased its stake in shares of Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after purchasing an additional 1,262,964 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of 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 worth $435,943,000 after purchasing an additional 661,144 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after purchasing an additional 1,233,618 shares during the last quarter. Finally, FIL Ltd increased its stake in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SWKS. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $96.00 to $130.00 in a research note on Thursday, June 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Susquehanna reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $114.18.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $98.77 on Tuesday. The company has a 50-day moving average of $104.49 and a 200-day moving average of $102.63. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.64 and a beta of 1.21. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase 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 (DPR) is presently 52.63%.

Insider Transactions at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Carlos S. Bori sold 9,321 shares of the 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 sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated 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 owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The disclosure for this sale can be found here. In the last three months, insiders sold 12,068 shares of company stock valued at $1,252,490. Company insiders own 0.34% 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.