Frank Rimerman Advisors LLC Purchases Shares of 6,289 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Frank Rimerman Advisors LLC purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,289 shares of the semiconductor manufacturer’s stock, valued at approximately $621,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas purchased a new stake in Skyworks Solutions during the first quarter valued at about $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the second quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in Skyworks Solutions during the second quarter valued at about $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions during the first quarter valued at about $31,000. Finally, Blue Trust Inc. boosted its position in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,341 shares of company stock valued at $2,142,110. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent analyst reports. TD Cowen boosted their price target on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. B. Riley cut their price target on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Craig Hallum boosted their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $109.88.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $95.20 on Monday. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 4.32 and a beta of 1.20. The firm’s 50 day simple moving average is $100.26 and its 200 day simple moving average is $101.45. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the previous year, the business earned $1.50 earnings per share. Skyworks Solutions’s revenue was down 15.5% compared to the same quarter last year. As a group, research analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s payout ratio is 57.73%.

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.