Keeley Teton Advisors LLC Has $1.92 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Keeley Teton Advisors LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.7% during the first quarter, Holdings Channel.com reports. The fund owned 17,748 shares of the semiconductor manufacturer’s stock after selling 491 shares during the period. Keeley Teton Advisors LLC’s holdings in Skyworks Solutions were worth $1,922,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas bought a new stake in shares of Skyworks Solutions during the 1st quarter worth approximately $27,000. Access Investment Management LLC acquired a new position in Skyworks Solutions during the first quarter worth about $31,000. ST Germain D J Co. Inc. lifted its holdings in shares of Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 130 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at approximately $43,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 3.1 %

NASDAQ SWKS traded up $3.50 on Friday, reaching $116.18. The company had a trading volume of 2,207,493 shares, compared to its average volume of 2,520,524. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $103.59 and its 200 day moving average is $102.98. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The stock has a market capitalization of $18.64 billion, a P/E ratio of 21.84, a P/E/G ratio of 5.36 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWKS. Citigroup cut their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Wolfe Research lowered Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.14.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The disclosure for this purchase can be found here. Over the last three months, insiders sold 26,337 shares of company stock valued at $2,399,797. 0.34% of the stock is owned by insiders.

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.