Greylin Investment Mangement Inc. boosted its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,682 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,795 shares during the quarter. Skyworks Solutions makes up approximately 0.7% of Greylin Investment Mangement Inc.’s holdings, making the stock its 24th largest holding. Greylin Investment Mangement Inc.’s holdings in Skyworks Solutions were worth $2,986,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. First Republic Investment Management Inc. increased its holdings in shares of Skyworks Solutions by 1,442.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 112,956 shares of the semiconductor manufacturer’s stock valued at $8,728,000 after acquiring an additional 105,634 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Skyworks Solutions by 7.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 9,483 shares of the semiconductor manufacturer’s stock valued at $732,000 after acquiring an additional 678 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $1,445,000. AXA bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $385,000. Finally, Advisory Services Network LLC increased its holdings in shares of Skyworks Solutions by 9.1% in the 2nd quarter. Advisory Services Network LLC now owns 16,684 shares of the semiconductor manufacturer’s stock valued at $1,289,000 after acquiring an additional 1,392 shares during the last quarter. Institutional investors own 80.55% of the company’s stock.
SWKS stock traded up $0.81 during trading on Friday, reaching $85.70. 1,548,480 shares of the company’s stock were exchanged, compared to its average volume of 1,800,694. Skyworks Solutions Inc has a 1-year low of $60.12 and a 1-year high of $94.39. The company’s fifty day moving average price is $78.42 and its 200-day moving average price is $79.44. The firm has a market cap of $13.56 billion, a PE ratio of 12.93, a P/E/G ratio of 1.67 and a beta of 1.04.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s payout ratio is 26.55%.
A number of brokerages have recently weighed in on SWKS. Charter Equity reiterated a “hold” rating on shares of Skyworks Solutions in a report on Monday, August 12th. Benchmark assumed coverage on Skyworks Solutions in a research note on Friday, September 20th. They set a “buy” rating and a $94.00 price objective for the company. Cowen upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $95.00 in a research note on Thursday. Raymond James upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, July 18th. Finally, Craig Hallum upped their price objective on Skyworks Solutions from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $87.21.
In other news, SVP Robert John Terry sold 3,250 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $79.68, for a total value of $258,960.00. Following the completion of the sale, the senior vice president now owns 15,326 shares in the company, valued at $1,221,175.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David J. Aldrich sold 5,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $81.85, for a total value of $409,250.00. Following the completion of the sale, the director now owns 208,032 shares of the company’s stock, valued at approximately $17,027,419.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,749 shares of company stock valued at $2,701,484 in the last quarter. 0.64% of the stock is currently owned by insiders.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED 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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