WCM Investment Management LLC Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 287.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,491 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,524 shares during the quarter. WCM Investment Management LLC’s holdings in Skyworks Solutions were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. Sequoia Financial Advisors LLC lifted its holdings in shares of Skyworks Solutions by 4.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after buying an additional 87 shares during the period. AlphaMark Advisors LLC lifted its stake in Skyworks Solutions by 14.8% in the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Skyworks Solutions by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock worth $1,468,000 after acquiring an additional 100 shares in the last quarter. Zega Financial LLC increased its position in Skyworks Solutions by 5.0% during the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after purchasing an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co raised its holdings in shares of Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock valued at $1,569,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.1 %

NASDAQ:SWKS opened at $87.04 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The company’s fifty day moving average price is $96.17 and its 200-day moving average price is $100.61. Skyworks Solutions, Inc. has a 1-year low of $85.99 and a 1-year high of $120.86. The firm has a market capitalization of $13.90 billion, a P/E ratio of 17.95, a PEG ratio of 3.99 and a beta of 1.21.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 57.73%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SWKS. Susquehanna cut their price objective on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Robert W. Baird boosted their price target on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Piper Sandler reduced their target price on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, B. Riley lowered their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $108.94.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,162 shares of company stock worth $2,306,291 over the last quarter. 0.35% of the stock is currently owned by 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.