KRS Capital Management LLC Purchases 275 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

KRS Capital Management LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,980 shares of the semiconductor manufacturer’s stock after purchasing an additional 275 shares during the period. KRS Capital Management LLC’s holdings in Skyworks Solutions were worth $431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. raised its stake in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares during the last quarter. Vestor Capital LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $43,000. West Branch Capital LLC increased its holdings in shares of Skyworks Solutions by 8,000.0% during the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 47.9% during the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $0.98 on Friday, hitting $106.58. 2,365,016 shares of the company’s stock were exchanged, compared to its average volume of 2,741,189. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The stock has a market cap of $17.10 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 5.02 and a beta of 1.24. The company has a 50 day moving average of $97.35 and a 200 day moving average of $102.78.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.55%. Skyworks Solutions’s payout ratio is 51.13%.

Insider Activity

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Citigroup decreased their target price on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Mizuho decreased their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Finally, Rosenblatt Securities decreased their price objective on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $107.19.

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.