Crewe Advisors LLC Purchases New Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Crewe Advisors LLC purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,410 shares of the semiconductor manufacturer’s stock, valued at approximately $153,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after acquiring an additional 745,374 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 27.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after acquiring an additional 740,048 shares in the last quarter. FIL Ltd grew its holdings in Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after acquiring an additional 64,389 shares in the last quarter. Norges Bank bought a new position in Skyworks Solutions during the 4th quarter worth about $226,266,000. Finally, Dimensional Fund Advisors LP grew its holdings in Skyworks Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after acquiring an additional 185,355 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.9 %

Shares of SWKS stock traded down $0.97 on Thursday, hitting $112.68. 2,978,904 shares of the stock traded hands, compared to its average volume of 2,462,662. The firm’s 50-day moving average price is $103.14 and its two-hundred day moving average price is $102.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The stock has a market capitalization of $18.08 billion, a PE ratio of 21.18, a PEG ratio of 5.59 and a beta of 1.23. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were given a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.41%. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the transaction, the vice president now owns 9,112 shares of the company’s stock, valued at $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Insiders have sold 26,337 shares of company stock valued at $2,399,797 over the last 90 days. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent research reports. Piper Sandler dropped their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wells Fargo & Company lowered their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities lowered their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Stifel Nicolaus lowered their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $107.14.

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.