Commerzbank Aktiengesellschaft FI Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commerzbank Aktiengesellschaft FI acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 5,530 shares of the semiconductor manufacturer’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also modified their holdings of SWKS. Duality Advisers LP bought a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $1,517,000. Brookstone Capital Management purchased a new position in Skyworks Solutions in the first quarter valued at about $262,000. Advisors Asset Management Inc. boosted its stake in shares of Skyworks Solutions by 73.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after acquiring an additional 6,795 shares in the last quarter. M&G Plc bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Skyworks Solutions by 10.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock valued at $48,843,000 after purchasing an additional 43,373 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 0.7 %

Shares of NASDAQ:SWKS opened at $94.94 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The company has a market capitalization of $15.16 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The company has a fifty day moving average of $100.97 and a 200-day moving average of $101.66.

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

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is presently 57.73%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Susquehanna decreased their price objective on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday. Craig Hallum increased their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen raised their price target on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird raised their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.65.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock worth $2,142,110 in the last quarter. Company insiders own 0.34% of the company’s stock.

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.