Dumont & Blake Investment Advisors LLC Sells 10,201 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dumont & Blake Investment Advisors LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 56.0% during the third quarter, Holdings Channel reports. The institutional investor owned 8,021 shares of the semiconductor manufacturer’s stock after selling 10,201 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Skyworks Solutions were worth $792,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Skyworks Solutions by 6,598.9% in the 3rd quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock worth $19,287,000 after acquiring an additional 192,359 shares during the last quarter. Guidance Capital Inc. raised its stake in shares of Skyworks Solutions by 5.6% in the third quarter. Guidance Capital Inc. now owns 9,183 shares of the semiconductor manufacturer’s stock worth $906,000 after purchasing an additional 489 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of Skyworks Solutions in the third quarter valued at approximately $547,000. Narwhal Capital Management boosted its position in shares of Skyworks Solutions by 6.8% during the third quarter. Narwhal Capital Management now owns 15,032 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after buying an additional 958 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in Skyworks Solutions by 4.4% during the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after buying an additional 133 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock valued at $2,142,110 over the last quarter. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 0.7 %

Shares of SWKS stock traded up $0.65 during midday trading on Friday, reaching $95.73. 50,489 shares of the stock were exchanged, compared to its average volume of 2,345,537. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The firm has a market cap of $15.29 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 4.34 and a beta of 1.20. The company’s 50 day moving average is $100.50 and its two-hundred day moving average is $101.56. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 57.73%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Rosenblatt Securities raised their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Craig Hallum lifted their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.06.

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.