Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Commerce Bank

Commerce Bank raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,326 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,721 shares during the quarter. Commerce Bank’s holdings in Skyworks Solutions were worth $6,669,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AXQ Capital LP acquired a new position in Skyworks Solutions in the 3rd quarter valued at about $789,000. Highland Capital Management LLC grew its position in Skyworks Solutions by 91.4% in the 4th quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after acquiring an additional 20,330 shares in the last quarter. International Assets Investment Management LLC grew its position in Skyworks Solutions by 10,450.2% in the 4th quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after acquiring an additional 83,706 shares in the last quarter. abrdn plc boosted its stake in shares of Skyworks Solutions by 50.0% in the 4th quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer’s stock valued at $10,121,000 after buying an additional 30,022 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in shares of Skyworks Solutions by 40.7% in the 4th quarter. Panagora Asset Management Inc. now owns 292,654 shares of the semiconductor manufacturer’s stock valued at $32,900,000 after buying an additional 84,673 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SWKS. TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. UBS Group decreased their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. B. Riley lifted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.25.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $92.16 on Friday. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a 50 day moving average of $99.76 and a two-hundred day moving average of $102.18. The stock has a market cap of $14.79 billion, a P/E ratio of 17.32, a P/E/G ratio of 4.32 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, research analysts forecast that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

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.