Edge Advisors LLC boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 48.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,015 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,644 shares during the quarter. Edge Advisors LLC’s holdings in Skyworks Solutions were worth $510,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Financial Engines Advisors L.L.C. bought a new stake in Skyworks Solutions in the third quarter worth approximately $126,000. WFG Advisors LP increased its holdings in Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC increased its holdings in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares in the last quarter. Dubuque Bank & Trust Co. bought a new stake in Skyworks Solutions in the second quarter worth approximately $182,000. Finally, Intact Investment Management Inc. bought a new stake in Skyworks Solutions in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 80.00% of the company’s stock.
In related news, Chairman David J. Aldrich sold 45,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $110.08, for a total transaction of $4,953,600.00. Following the sale, the chairman now directly owns 184,842 shares in the company, valued at approximately $20,347,407.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the sale, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Insiders have sold a total of 120,094 shares of company stock worth $13,065,904 in the last ninety days. Insiders own 0.49% of the company’s stock.
SWKS has been the subject of several recent research reports. Bank of America Corporation boosted their price objective on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, July 24th. BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. MKM Partners restated a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 26th. Finally, Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective for the company. in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $115.68.
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Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded up $0.40 during midday trading on Tuesday, hitting $110.19. The stock had a trading volume of 666,638 shares, compared to its average volume of 1,988,878. Skyworks Solutions, Inc. has a 1 year low of $71.65 and a 1 year high of $117.65. The stock has a market cap of $20,210.00, a PE ratio of 18.27, a PEG ratio of 1.08 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.16%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.
About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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