Bank of Stockton Sells 735 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank of Stockton lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,945 shares of the semiconductor manufacturer’s stock after selling 735 shares during the period. Bank of Stockton’s holdings in Skyworks Solutions were worth $686,000 as of its most recent SEC filing.

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

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $0.90 during trading on Friday, reaching $95.98. 302,267 shares of the stock traded hands, compared to its average volume of 2,346,915. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 4.34 and a beta of 1.20. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The business has a fifty day simple moving average of $100.50 and a two-hundred day simple moving average of $101.56.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, August 20th. 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 2.92%. Skyworks Solutions’s dividend payout ratio is 57.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SWKS shares. Robert W. Baird upped their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Bank of America increased their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Susquehanna reduced their target price on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.88.

Insider Activity

In other news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,341 shares of company stock valued at $2,142,110 in the last ninety days. Insiders own 0.34% of the company’s stock.

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.