1,125 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by Transce3nd LLC

Transce3nd LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,125 shares of the semiconductor manufacturer’s stock, valued at approximately $100,000.

Several other large investors also recently bought and sold shares of SWKS. Barclays PLC increased its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares during the period. Sculati Wealth Management LLC grew its stake in shares of Skyworks Solutions by 49.3% during the third quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer’s stock valued at $981,000 after acquiring an additional 2,990 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $4,734,000. Arvest Bank Trust Division acquired a new position in shares of Skyworks Solutions in the third quarter worth about $11,209,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Skyworks Solutions by 1.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer’s stock valued at $6,497,000 after purchasing an additional 1,244 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS opened at $56.78 on Tuesday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $63.78 and its 200-day moving average is $80.25. The stock has a market cap of $8.90 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.93%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SWKS. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Finally, Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by corporate 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.