Capital Investment Counsel Inc Sells 625 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Counsel Inc cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,928 shares of the semiconductor manufacturer’s stock after selling 625 shares during the quarter. Skyworks Solutions makes up 0.7% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 26th largest holding. Capital Investment Counsel Inc’s holdings in Skyworks Solutions were worth $4,635,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas bought a new stake in Skyworks Solutions in the first quarter worth about $27,000. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $27,000. Access Investment Management LLC purchased a new position in Skyworks Solutions in the first quarter valued at approximately $31,000. Finally, Blue Trust Inc. grew its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,341 shares of company stock worth $2,142,110. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SWKS shares. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Rosenblatt Securities boosted 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. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Susquehanna lowered their price target on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $111.65.

Skyworks Solutions Trading Down 0.7 %

Shares of Skyworks Solutions stock opened at $94.94 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. 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 $15.16 billion, a PE ratio of 19.58, a PEG ratio of 4.34 and a beta of 1.20. The company has a 50 day simple moving average of $100.77 and a two-hundred day simple moving average of $101.61.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm’s revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. Analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 2.95%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 57.73%.

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.