Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,568 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,748 shares during the period. CIBC Asset Management Inc’s holdings in Skyworks Solutions were worth $3,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. boosted its holdings in shares of Skyworks Solutions by 54.0% in the 1st quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after buying an additional 3,654 shares in the last quarter. LSV Asset Management acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $11,382,000. Raymond James Trust N.A. boosted its holdings in shares of Skyworks Solutions by 7.8% in the 1st quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after buying an additional 169 shares in the last quarter. Prudential PLC acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $429,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Skyworks Solutions by 9.7% in the 1st quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock valued at $966,000 after buying an additional 643 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $107.31 on Wednesday. The business’s 50 day simple moving average is $94.90 and its 200-day simple moving average is $96.37. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.63 and a quick ratio of 1.64. Skyworks Solutions, Inc. has a 12 month low of $76.16 and a 12 month high of $148.74.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $2.79 EPS for the quarter, topping the consensus estimate of $2.62 by $0.17. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Skyworks Solutions had a return on equity of 31.00% and a net margin of 23.25%. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 8.66 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 22nd were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Monday, November 21st. Skyworks Solutions’s dividend payout ratio (DPR) is 31.79%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 3,500 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.60, for a total transaction of $352,100.00. Following the completion of the transaction, the senior vice president now directly owns 11,187 shares in the company, valued at approximately $1,125,412.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SWKS shares. Raymond James lowered their target price on shares of Skyworks Solutions from $150.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Mizuho decreased their target price on shares of Skyworks Solutions from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, November 4th. StockNews.com initiated coverage on Skyworks Solutions in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Cowen dropped their price target on Skyworks Solutions from $125.00 to $120.00 in a research report on Friday, November 4th. Finally, Piper Sandler dropped their price target on Skyworks Solutions from $145.00 to $110.00 in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.82.

About Skyworks Solutions

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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, clocks and timings, 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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