American Century Companies Inc. Has $11.88 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

American Century Companies Inc. lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 231.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,815 shares of the semiconductor manufacturer’s stock after purchasing an additional 70,372 shares during the quarter. American Century Companies Inc. owned 0.06% of Skyworks Solutions worth $11,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. SouthState Corp acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $26,000. True Wealth Design LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its position in shares of Skyworks Solutions by 341.2% in the 1st quarter. Sound Income Strategies LLC now owns 225 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 174 shares during the period. Fortis Capital Advisors LLC acquired a new stake in Skyworks Solutions during the 4th quarter worth about $27,000. Finally, J.Safra Asset Management Corp boosted its position in Skyworks Solutions by 1,100.0% during the 4th quarter. J.Safra Asset Management Corp now owns 420 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $109.68 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.83 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $109.60 and its two-hundred day moving average is $108.99. The company has a market cap of $17.48 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.95 and a beta of 1.27. Skyworks Solutions, Inc. has a 12 month low of $76.16 and a 12 month high of $123.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, August 7th. The semiconductor manufacturer reported $1.73 EPS for the quarter, topping the consensus estimate of $1.43 by $0.30. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Skyworks Solutions had a return on equity of 23.89% and a net margin of 20.97%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.12 EPS. On average, equities analysts expect that Skyworks Solutions, Inc. will post 7.45 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, August 28th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.62. Skyworks Solutions’s dividend payout ratio (DPR) is presently 41.91%.

Analysts Set New Price Targets

SWKS has been the subject of a number of research reports. BMO Capital Markets lowered Skyworks Solutions from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $140.00 to $100.00 in a research report on Tuesday, May 9th. Bank of America decreased their price objective on Skyworks Solutions from $108.00 to $100.00 in a research report on Tuesday, May 9th. Piper Sandler raised their price objective on Skyworks Solutions from $107.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Barclays lowered Skyworks Solutions from an “overweight” rating to an “equal weight” rating and set a $115.00 price objective for the company. in a research report on Thursday, July 20th. Finally, Wolfe Research started coverage on Skyworks Solutions in a research note on Wednesday, July 19th. They set an “outperform” rating and a $135.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.27.

Insider Transactions at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 900 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total transaction of $94,842.00. Following the sale, the senior vice president now owns 16,094 shares of the company’s stock, valued at approximately $1,695,985.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kevin L. Beebe sold 4,851 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.97, for a total value of $504,358.47. Following the sale, the director now owns 51,855 shares of the company’s stock, valued at approximately $5,391,364.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Reza Kasnavi sold 900 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $105.38, for a total value of $94,842.00. Following the completion of the sale, the senior vice president now directly owns 16,094 shares in the company, valued at approximately $1,695,985.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,962 shares of company stock valued at $6,225,401. 0.34% of the stock is owned by corporate insiders.

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, clocks and timings, 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.