Mount Yale Investment Advisors LLC Sells 1,085 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mount Yale Investment Advisors LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,980 shares of the semiconductor manufacturer’s stock after selling 1,085 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Skyworks Solutions were worth $4,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC raised its stake in Skyworks Solutions by 26.9% in the first quarter. Park Avenue Securities LLC now owns 6,971 shares of the semiconductor manufacturer’s stock valued at $755,000 after buying an additional 1,476 shares during the last quarter. Brookstone Capital Management acquired a new stake in Skyworks Solutions in the 1st quarter worth approximately $262,000. Janiczek Wealth Management LLC grew its position in Skyworks Solutions by 370.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 663 shares of the semiconductor manufacturer’s stock worth $72,000 after purchasing an additional 522 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Skyworks Solutions during the 1st quarter valued at approximately $54,000. Finally, KRS Capital Management LLC raised its holdings in shares of Skyworks Solutions by 7.4% in the first quarter. KRS Capital Management LLC now owns 3,980 shares of the semiconductor manufacturer’s stock worth $431,000 after buying an additional 275 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. 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. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock worth $2,142,110 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on SWKS shares. Stifel Nicolaus upped their target price on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Rosenblatt Securities lifted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $115.00 target price (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.06.

Skyworks Solutions Stock Up 0.1 %

NASDAQ SWKS opened at $95.08 on Friday. The business’s fifty day simple moving average is $100.50 and its 200-day simple moving average is $101.56. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The firm has a market cap of $15.19 billion, a PE ratio of 19.60, a P/E/G ratio of 4.34 and a beta of 1.20. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s revenue was down 15.5% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.94%. Skyworks Solutions’s dividend payout ratio (DPR) is 57.73%.

Skyworks Solutions Company 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.