Captrust Financial Advisors Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Captrust Financial Advisors increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,603 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,151 shares during the period. Captrust Financial Advisors’ holdings in Skyworks Solutions were worth $3,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC grew its position in Skyworks Solutions by 1.9% during the first quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer’s stock valued at $2,259,000 after acquiring an additional 394 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Skyworks Solutions by 14.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer’s stock valued at $306,000 after acquiring an additional 383 shares during the period. Comerica Bank grew its position in Skyworks Solutions by 2.9% during the first quarter. Comerica Bank now owns 34,105 shares of the semiconductor manufacturer’s stock valued at $3,694,000 after acquiring an additional 946 shares during the period. Cetera Investment Advisers grew its position in Skyworks Solutions by 472.5% during the first quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer’s stock valued at $4,667,000 after acquiring an additional 35,558 shares during the period. Finally, Cetera Advisors LLC grew its position in Skyworks Solutions by 29.0% during the first quarter. Cetera Advisors LLC now owns 10,462 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after acquiring an additional 2,349 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity

In other news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SWKS. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley lowered their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. B. Riley reduced their price objective on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Barclays reduced their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Finally, Susquehanna reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Trading Down 1.0 %

Shares of NASDAQ SWKS opened at $87.62 on Wednesday. The stock’s 50 day moving average price is $92.25 and its two-hundred day moving average price is $99.70. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock has a market capitalization of $14.01 billion, a P/E ratio of 23.68, a PEG ratio of 1.95 and a beta of 1.19. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

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.