Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Commerce Bank

Commerce Bank raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,181 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,503 shares during the quarter. Commerce Bank’s holdings in Skyworks Solutions were worth $6,537,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SWKS. Sequoia Financial Advisors LLC increased its position in Skyworks Solutions by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after purchasing an additional 87 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Skyworks Solutions by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock valued at $1,468,000 after acquiring an additional 100 shares in the last quarter. Zega Financial LLC boosted its position in Skyworks Solutions by 5.0% during the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $224,000 after purchasing an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its holdings in Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock valued at $1,569,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of the 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 completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Up 2.0 %

SWKS stock opened at $85.13 on Friday. The firm has a fifty day moving average price of $93.83 and a two-hundred day moving average price of $99.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 2.19. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.84 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. Research analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced 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 3.29%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Analyst Ratings Changes

SWKS has been the subject of several analyst reports. TD Cowen upped their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Mizuho decreased their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Rosenblatt Securities boosted their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Company 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.