Dakota Wealth Management Trims Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dakota Wealth Management decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,286 shares of the semiconductor manufacturer’s stock after selling 430 shares during the period. Dakota Wealth Management’s holdings in Skyworks Solutions were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its position in Skyworks Solutions by 6,598.9% during the third quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock worth $19,287,000 after purchasing an additional 192,359 shares during the last quarter. Guidance Capital Inc. increased its position in Skyworks Solutions by 5.6% during the third quarter. Guidance Capital Inc. now owns 9,183 shares of the semiconductor manufacturer’s stock worth $906,000 after purchasing an additional 489 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Skyworks Solutions during the third quarter worth approximately $547,000. Narwhal Capital Management increased its position 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 last quarter. Finally, Waldron Private Wealth LLC increased its position in Skyworks Solutions by 4.4% during the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SWKS. Robert W. Baird upped their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Susquehanna dropped their price objective on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Rosenblatt Securities increased their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays lowered shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $87.00 in a research report on Thursday, October 10th. Finally, Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.88.

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 company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The company’s fifty day moving average price is $100.26 and its two-hundred day moving average price is $101.45.

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

Skyworks Solutions Increases Dividend

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

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s 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 directly owns 17,455 shares in the company, 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. In the last three months, insiders have sold 21,341 shares of company stock worth $2,142,110. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions 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.