Global Retirement Partners LLC Acquires 133 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Global Retirement Partners LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,316 shares of the semiconductor manufacturer’s stock after acquiring an additional 133 shares during the period. Global Retirement Partners LLC’s holdings in Skyworks Solutions were worth $113,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ellevest Inc. raised its holdings in Skyworks Solutions by 776.5% in the third quarter. Ellevest Inc. now owns 298 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 264 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Skyworks Solutions by 72.6% in the second quarter. Lindbrook Capital LLC now owns 309 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Skyworks Solutions in the third quarter worth about $36,000. CoreCap Advisors LLC purchased a new position in Skyworks Solutions in the second quarter worth about $38,000. Finally, Trust Co. of Vermont purchased a new position in Skyworks Solutions in the second quarter worth about $45,000. 75.37% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

SWKS opened at $107.31 on Wednesday. The firm has a market cap of $17.19 billion, a P/E ratio of 13.76, a PEG ratio of 0.84 and a beta of 1.20. Skyworks Solutions, Inc. has a 1-year low of $76.16 and a 1-year high of $148.74. The company has a 50 day simple moving average of $94.90 and a two-hundred day simple moving average of $96.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.63 and a quick ratio of 1.64.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.17. Skyworks Solutions had a net margin of 23.25% and a return on equity of 31.00%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Equities analysts forecast that Skyworks Solutions, Inc. will post 8.66 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, November 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.31%. Skyworks Solutions’s dividend payout ratio is 31.79%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 3,500 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $100.60, for a total transaction of $352,100.00. Following the completion of the transaction, the senior vice president now owns 11,187 shares in the company, valued at $1,125,412.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Mizuho decreased their price objective on shares of Skyworks Solutions from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, November 4th. Cowen decreased their price objective on shares of Skyworks Solutions from $125.00 to $120.00 in a report on Friday, November 4th. KGI Securities raised shares of Skyworks Solutions from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 30th. B. Riley decreased their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Finally, StockNews.com began coverage on shares of Skyworks Solutions in a report on Wednesday, October 12th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of “Moderate Buy” and an average target price of $116.82.

Skyworks Solutions Company Profile

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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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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