Azzad Asset Management Inc. ADV Buys 5,564 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Azzad Asset Management Inc. ADV increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,603 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,564 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Skyworks Solutions were worth $3,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. ST Germain D J Co. Inc. increased its stake in shares of Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 130 shares during the period. AdvisorNet Financial Inc raised its holdings in Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 316 shares during the last quarter. Vestor Capital LLC acquired a new position in Skyworks Solutions during the 4th quarter valued at about $43,000. West Branch Capital LLC boosted its stake in shares of Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Skyworks Solutions by 47.9% during the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.0 %

Shares of Skyworks Solutions stock traded down $1.12 during trading on Wednesday, reaching $105.84. The stock had a trading volume of 290,380 shares, compared to its average volume of 2,407,296. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $97.67 and a two-hundred day moving average price of $102.62. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 5.07 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.57%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Analyst Ratings Changes

A number of brokerages have issued reports on SWKS. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Mizuho reduced their price target on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Susquehanna reiterated a “neutral” rating and issued a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. Finally, UBS Group lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $107.19.

Insider Activity

In related news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Liam Griffin bought 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

About Skyworks Solutions

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.