OneAscent Financial Services LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 39.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,437 shares of the semiconductor manufacturer’s stock after buying an additional 975 shares during the quarter. OneAscent Financial Services LLC’s holdings in Skyworks Solutions were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Skyworks Solutions in the third quarter worth $984,000. JJJ Advisors Inc. increased its position in Skyworks Solutions by 810.0% in the third quarter. JJJ Advisors Inc. now owns 182 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 162 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Skyworks Solutions by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Skyworks Solutions by 76.6% in the second quarter. Orion Portfolio Solutions LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 118 shares during the last quarter. Finally, Newfound Research LLC bought a new position in shares of Skyworks Solutions in the third quarter worth $41,000. 76.89% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Liam Griffin sold 13,800 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $136.69, for a total transaction of $1,886,322.00. Following the transaction, the chief executive officer now directly owns 57,963 shares of the company’s stock, valued at $7,922,962.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert John Terry sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $152.94, for a total transaction of $152,940.00. Following the completion of the sale, the senior vice president now owns 9,350 shares of the company’s stock, valued at $1,429,989. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,794 shares of company stock worth $8,500,206. Corporate insiders own 0.40% of the company’s stock.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Monday, November 2nd. The semiconductor manufacturer reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.33. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. The company had revenue of $956.60 million for the quarter, compared to analyst estimates of $840.61 million. During the same period in the prior year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions, Inc. will post 4.92 EPS for the current year.
A number of equities analysts have recently commented on SWKS shares. Wells Fargo & Company raised their price target on Skyworks Solutions from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, November 3rd. B. Riley reaffirmed a “buy” rating and issued a $195.00 price target (up from $190.00) on shares of Skyworks Solutions in a report on Tuesday, November 3rd. Needham & Company LLC raised their price target on Skyworks Solutions from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Raymond James raised their price target on Skyworks Solutions from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. Finally, Bank of America lowered Skyworks Solutions from a “buy” rating to a “neutral” rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and a consensus price target of $153.24.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, 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, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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