13,705 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,705 shares of the semiconductor manufacturer’s stock, valued at approximately $1,461,000. Skyworks Solutions accounts for 1.3% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also recently bought and sold shares of SWKS. BNP Paribas bought a new position in shares of Skyworks Solutions in the 1st quarter valued at $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions in the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions in the second quarter valued at about $27,000. Access Investment Management LLC acquired a new position in Skyworks Solutions during the first quarter worth about $31,000. Finally, Blue Trust Inc. lifted its holdings in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Bank of America increased their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” 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 stock a “hold” rating in a research report on Wednesday, July 31st. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co. lifted their price target on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.18.

Insiders Place Their Bets

In other news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,068 shares of company stock worth $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Down 1.2 %

Shares of Skyworks Solutions stock opened at $98.85 on Monday. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 4.64 and a beta of 1.21. The stock’s 50-day moving average is $104.89 and its 200 day moving average is $102.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $900.41 million. During the same period in the prior year, the firm earned $1.50 earnings per share. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is 52.63%.

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.