Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 77.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,216 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,835 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Skyworks Solutions were worth $467,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SWKS. SouthState Corp purchased a new stake in Skyworks Solutions during the first quarter worth approximately $26,000. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $26,000. Fortis Capital Advisors LLC purchased a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $27,000. Milestone Investment Advisors LLC acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $41,000. Finally, Vestor Capital LLC purchased a new stake in Skyworks Solutions in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $94.74 on Tuesday. The business’s 50-day moving average price is $93.97 and its 200 day moving average price is $102.29. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $123.69. The company has a market capitalization of $15.10 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The company has a current ratio of 2.59, a quick ratio of 1.52 and a debt-to-equity ratio of 0.21.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.68 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.87%. Skyworks Solutions’s dividend payout ratio (DPR) is 44.37%.

Insider Transactions at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total value of $94,842.00. Following the transaction, the senior vice president now directly owns 16,094 shares in the company, valued at approximately $1,695,985.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Reza Kasnavi sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $105.38, for a total value of $94,842.00. Following the transaction, the senior vice president now directly owns 16,094 shares in the company, valued at approximately $1,695,985.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kris Sennesael sold 12,770 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.97, for a total value of $1,148,916.90. Following the completion of the transaction, the chief financial officer now owns 89,482 shares in the company, valued at $8,050,695.54. The disclosure for this sale can be found here. Insiders have sold a total of 65,988 shares of company stock worth $6,615,678 in the last three months. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on SWKS shares. Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, November 3rd. Piper Sandler decreased their price objective on Skyworks Solutions from $125.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. KeyCorp lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Citigroup cut Skyworks Solutions from a “neutral” rating to a “sell” rating and cut their price target for the stock from $116.00 to $87.00 in a research note on Tuesday, October 10th. Finally, Mizuho dropped their price objective on shares of Skyworks Solutions from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $115.88.

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, clocks and timings, 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, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.