OneDigital Investment Advisors LLC Purchases 263 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

OneDigital Investment Advisors LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,501 shares of the semiconductor manufacturer’s stock after purchasing an additional 263 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Skyworks Solutions were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SWKS. Forsta AP Fonden increased its position in Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after acquiring an additional 7,900 shares during the period. Versor Investments LP boosted its holdings in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after acquiring an additional 10,658 shares during the last quarter. Advisors Asset Management Inc. increased its position in Skyworks Solutions by 73.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after purchasing an additional 6,795 shares during the period. Van ECK Associates Corp raised its holdings in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $797,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $83.43 on Thursday. The stock’s fifty day simple moving average is $94.13 and its two-hundred day simple moving average is $100.01. The stock has a market cap of $13.34 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. The company has a current ratio of 5.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is 75.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SWKS shares. Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup reduced their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $101.00.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 over the last three months. 0.34% of the stock is currently owned by insiders.

About Skyworks Solutions

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.