Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,065 shares of the semiconductor manufacturer’s stock after acquiring an additional 400 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Skyworks Solutions were worth $631,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Wolff Wiese Magana LLC raised its stake in Skyworks Solutions by 2.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 2,921 shares of the semiconductor manufacturer’s stock worth $481,000 after acquiring an additional 60 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its stake in Skyworks Solutions by 0.6% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 9,446 shares of the semiconductor manufacturer’s stock worth $1,557,000 after acquiring an additional 60 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Skyworks Solutions by 1.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 4,374 shares of the semiconductor manufacturer’s stock worth $716,000 after purchasing an additional 64 shares during the last quarter. Platform Technology Partners grew its position in Skyworks Solutions by 4.2% during the 3rd quarter. Platform Technology Partners now owns 1,615 shares of the semiconductor manufacturer’s stock worth $266,000 after purchasing an additional 65 shares during the last quarter. Finally, Sandy Spring Bank grew its position in Skyworks Solutions by 0.3% during the 3rd quarter. Sandy Spring Bank now owns 23,954 shares of the semiconductor manufacturer’s stock worth $3,948,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 72.57% of the company’s stock.

SWKS traded up $1.91 during midday trading on Tuesday, reaching $121.17. 24,450 shares of the company’s stock were exchanged, compared to its average volume of 2,003,173. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.20 and a quick ratio of 2.97. The stock has a market capitalization of $19.87 billion, a PE ratio of 14.31, a P/E/G ratio of 0.87 and a beta of 1.09. The business’s 50-day moving average price is $132.30 and its 200 day moving average price is $147.85. Skyworks Solutions, Inc. has a 1-year low of $117.16 and a 1-year high of $204.00.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its earnings results on Thursday, February 3rd. The semiconductor manufacturer reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Skyworks Solutions had a net margin of 27.18% and a return on equity of 30.57%. During the same quarter in the previous year, the business posted $3.09 earnings per share. As a group, analysts expect that Skyworks Solutions, Inc. will post 10 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, February 22nd were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, February 18th. Skyworks Solutions’s payout ratio is currently 26.92%.

Several research analysts have issued reports on SWKS shares. Raymond James lowered their price objective on shares of Skyworks Solutions from $220.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Mizuho lowered their price objective on shares of Skyworks Solutions from $210.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $198.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, February 4th. Susquehanna lowered their price objective on shares of Skyworks Solutions from $195.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 4th. Finally, Bank of America lowered their target price on shares of Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $184.67.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of Skyworks Solutions stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $140.00, for a total transaction of $1,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 40,000 shares of company stock valued at $5,782,100. 0.31% of the stock is currently owned by company insiders.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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