Commerce Bank Increases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commerce Bank raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,478 shares of the semiconductor manufacturer’s stock after acquiring an additional 297 shares during the period. Commerce Bank’s holdings in Skyworks Solutions were worth $5,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Sculati Wealth Management LLC grew its holdings in shares of Skyworks Solutions by 49.3% during the third quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer’s stock valued at $981,000 after buying an additional 2,990 shares during the last quarter. World Investment Advisors LLC purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $4,734,000. Arvest Bank Trust Division purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $11,209,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Skyworks Solutions by 1.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer’s stock valued at $6,497,000 after acquiring an additional 1,244 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $55.98 on Friday. The firm’s 50 day simple moving average is $63.97 and its two-hundred day simple moving average is $80.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market capitalization of $8.78 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 5.00%. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup upped their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.28% of the company’s stock.

Skyworks Solutions Company 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.