CENTRAL TRUST Co Decreases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CENTRAL TRUST Co lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,084 shares of the semiconductor manufacturer’s stock after selling 316 shares during the period. CENTRAL TRUST Co’s holdings in Skyworks Solutions were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in Skyworks Solutions by 6,598.9% in the 3rd quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock valued at $19,287,000 after buying an additional 192,359 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of Skyworks Solutions by 5.6% during the 3rd quarter. Guidance Capital Inc. now owns 9,183 shares of the semiconductor manufacturer’s stock valued at $906,000 after acquiring an additional 489 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $547,000. Narwhal Capital Management raised its stake in Skyworks Solutions by 6.8% during the third quarter. Narwhal Capital Management now owns 15,032 shares of the semiconductor manufacturer’s stock worth $1,485,000 after purchasing an additional 958 shares during the period. Finally, Waldron Private Wealth LLC boosted its holdings in Skyworks Solutions by 4.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction 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 transaction, the senior vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,341 shares of company stock valued at $2,142,110. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 0.1 %

NASDAQ:SWKS opened at $95.20 on Monday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The firm has a market cap of $15.27 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $100.26 and a 200 day moving average price of $101.45.

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

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SWKS shares. Robert W. Baird raised their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. B. Riley reduced their target price on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America upped their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. TD Cowen raised their price objective 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, Susquehanna decreased their target price on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average target price of $109.88.

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.