Rowlandmiller & PARTNERS.ADV Has $2.40 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rowlandmiller & PARTNERS.ADV trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,273 shares of the semiconductor manufacturer’s stock after selling 220 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Skyworks Solutions were worth $2,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duality Advisers LP acquired a new position in Skyworks Solutions in the 1st quarter valued at $1,517,000. Brookstone Capital Management bought a new stake in shares of Skyworks Solutions during the 1st quarter worth $262,000. Advisors Asset Management Inc. lifted its position 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 buying an additional 6,795 shares during the last quarter. M&G Plc bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Skyworks Solutions by 10.6% in the first 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 last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated 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 directly owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This 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 stock in a transaction that occurred 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 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 represents 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 ninety days. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $95.08 on Friday. The firm has a market cap of $15.19 billion, a PE ratio of 19.60, a PEG ratio of 4.34 and a beta of 1.20. The stock’s fifty day moving average price is $100.50 and its two-hundred day moving average price is $101.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 57.73%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research reports. Rosenblatt Securities increased their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Craig Hallum increased their price target on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Piper Sandler reissued a “neutral” rating and issued a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, B. Riley decreased their price target on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $111.06.

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.