Taylor Hoffman Wealth Management boosted its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 18.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,964 shares of the semiconductor manufacturer’s stock after buying an additional 2,352 shares during the period. Taylor Hoffman Wealth Management’s holdings in Skyworks Solutions were worth $1,186,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mechanics Bank Trust Department bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth $25,000. Squar Milner Financial Services LLC grew its stake in shares of Skyworks Solutions by 492.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 266 shares in the last quarter. Next Capital Management LLC grew its stake in shares of Skyworks Solutions by 118.7% in the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 184 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth $37,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.
NASDAQ SWKS traded up $1.80 on Friday, reaching $100.44. 1,735,500 shares of the company’s stock traded hands, compared to its average volume of 1,958,875. The stock has a market cap of $16.95 billion, a PE ratio of 15.15, a P/E/G ratio of 2.07 and a beta of 1.06. The stock has a 50-day simple moving average of $86.29 and a 200 day simple moving average of $80.15. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $100.81.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 EPS for the quarter, beating the consensus estimate of $1.21 by $0.14. The business had revenue of $767.00 million during the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 earnings per share. On average, equities analysts predict that Skyworks Solutions Inc will post 5.72 EPS for the current fiscal year.
Several analysts have recently issued reports on SWKS shares. Cascend Securities upped their target price on shares of Skyworks Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays lowered shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $75.00 to $80.00 in a research note on Thursday, July 18th. Zacks Investment Research lowered shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price target for the company. in a research report on Wednesday, August 7th. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley increased their price target on shares of Skyworks Solutions from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.55.
In other news, Director David J. Aldrich sold 999 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $76.45, for a total value of $76,373.55. Following the completion of the transaction, the director now owns 204,031 shares of the company’s stock, valued at approximately $15,598,169.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Liam Griffin sold 5,000 shares of Skyworks Solutions stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $90.59, for a total value of $452,950.00. Following the completion of the transaction, the chief executive officer now directly owns 70,320 shares of the company’s stock, valued at approximately $6,370,288.80. The disclosure for this sale can be found here. Insiders have sold 15,002 shares of company stock valued at $1,282,604 in the last three months. Insiders own 0.64% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
Further Reading: Equity Income
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions Inc (NASDAQ:SWKS).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.