Rothschild Investment Corp IL Acquires New Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rothschild Investment Corp IL acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,246 shares of the semiconductor manufacturer’s stock, valued at approximately $393,000.

A number of other hedge funds also recently made changes to their positions in the stock. Pittenger & Anderson Inc. lifted its holdings in Skyworks Solutions by 1,750.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 175 shares in the last quarter. IronBridge Private Wealth LLC purchased a new position in Skyworks Solutions in the 4th quarter worth approximately $32,000. Financial Management Professionals Inc. lifted its holdings in Skyworks Solutions by 1,845.5% in the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Bank of New Hampshire purchased a new position in Skyworks Solutions in the 1st quarter worth approximately $30,000. Finally, Holloway Wealth Management LLC lifted its holdings in Skyworks Solutions by 119.0% in the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Karilee A. Durham sold 5,858 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the transaction, the senior vice president now owns 10,130 shares of the company’s stock, valued at approximately $1,137,193.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $98.14 on Wednesday. The stock’s fifty day moving average is $104.70 and its two-hundred day moving average is $109.59. The company has a market capitalization of $15.75 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32. Skyworks Solutions, Inc. has a 52 week low of $88.76 and a 52 week high of $175.44.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.05 by $0.39. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. Skyworks Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 9.95 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, August 24th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. Skyworks Solutions’s dividend payout ratio is 31.51%.

Analysts Set New Price Targets

A number of research firms recently commented on SWKS. B. Riley boosted their price target on Skyworks Solutions to $120.00 in a report on Friday, August 5th. KeyCorp lowered their price target on Skyworks Solutions from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Barclays decreased their price objective on Skyworks Solutions from $125.00 to $122.00 and set an “equal weight” rating on the stock in a report on Monday, July 25th. Bank of America cut Skyworks Solutions from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Wednesday, June 29th. Finally, Wells Fargo & Company decreased their price objective on Skyworks Solutions from $160.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.29.

About Skyworks Solutions

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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