Greylin Investment Mangement Inc. Buys 3,795 Shares of Skyworks Solutions Inc (NASDAQ:SWKS)

Greylin Investment Mangement Inc. lifted its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,682 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,795 shares during the quarter. Skyworks Solutions comprises approximately 0.7% of Greylin Investment Mangement Inc.’s holdings, making the stock its 24th largest position. Greylin Investment Mangement Inc.’s holdings in Skyworks Solutions were worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Skyworks Solutions by 8.3% during the 3rd quarter. Pacer Advisors Inc. now owns 30,252 shares of the semiconductor manufacturer’s stock valued at $2,397,000 after purchasing an additional 2,317 shares during the period. We Are One Seven LLC boosted its stake in Skyworks Solutions by 13.6% during the 3rd quarter. We Are One Seven LLC now owns 8,727 shares of the semiconductor manufacturer’s stock valued at $692,000 after purchasing an additional 1,042 shares during the period. Gradient Investments LLC boosted its stake in Skyworks Solutions by 1,242,330.0% during the 3rd quarter. Gradient Investments LLC now owns 124,243 shares of the semiconductor manufacturer’s stock valued at $9,846,000 after purchasing an additional 124,233 shares during the period. Polaris Greystone Financial Group LLC boosted its stake in Skyworks Solutions by 17.6% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 41,898 shares of the semiconductor manufacturer’s stock valued at $3,160,000 after purchasing an additional 6,278 shares during the period. Finally, Diversified Trust Co boosted its stake in Skyworks Solutions by 2.0% during the 3rd quarter. Diversified Trust Co now owns 33,839 shares of the semiconductor manufacturer’s stock valued at $2,682,000 after purchasing an additional 670 shares during the period. Institutional investors own 80.55% of the company’s stock.

In related news, SVP Robert John Terry sold 3,250 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $79.68, for a total transaction of $258,960.00. Following the completion of the sale, the senior vice president now directly owns 15,326 shares of the company’s stock, valued at approximately $1,221,175.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Furey sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.30, for a total value of $291,550.00. Following the sale, the director now directly owns 20,824 shares of the company’s stock, valued at $1,734,639.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,749 shares of company stock valued at $2,701,484 over the last ninety days. Insiders own 0.64% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Charter Equity restated a “hold” rating on shares of Skyworks Solutions in a research note on Monday, August 12th. Raymond James upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, July 18th. Finally, Cowen upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $95.00 in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.21.

Shares of SWKS traded up $0.81 during mid-day trading on Friday, reaching $85.70. The company had a trading volume of 1,548,480 shares, compared to its average volume of 1,800,694. Skyworks Solutions Inc has a twelve month low of $60.12 and a twelve month high of $94.39. The company’s 50-day moving average is $78.42 and its 200-day moving average is $79.44. The company has a market capitalization of $13.56 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.67 and a beta of 1.04.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The business had revenue of $767.00 million during the quarter, compared to analysts’ expectations of $767.71 million. During the same period in the prior year, the firm posted $1.64 EPS. Skyworks Solutions’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts predict that Skyworks Solutions Inc will post 5.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.05%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, August 26th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 26.55%.

Skyworks Solutions Company Profile

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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