Mid Atlantic Financial Management Inc. ADV Makes New Investment in Skyworks Solutions Inc (NASDAQ:SWKS)

Mid Atlantic Financial Management Inc. ADV Makes New Investment in Skyworks Solutions Inc (NASDAQ:SWKS)

  • August 27, 2020
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Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,707 shares of the semiconductor manufacturer’s stock, valued at approximately $218,000.

A number of other large investors have also recently added to or reduced their stakes in SWKS. Berman Capital Advisors LLC boosted its position in Skyworks Solutions by 103.1% during the 2nd quarter. Berman Capital Advisors LLC now owns 199 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 101 shares during the last quarter. Certified Advisory Corp boosted its stake in shares of Skyworks Solutions by 541.3% during the 1st quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $26,000. Johnson Financial Group Inc. acquired a new position in shares of Skyworks Solutions during the 1st quarter worth about $27,000. Finally, Jacobi Capital Management LLC raised its position in shares of Skyworks Solutions by 447.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,292 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 1,056 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

In other news, Director P Mcglade David sold 21,800 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $134.14, for a total value of $2,924,252.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 67,025 shares of company stock valued at $8,973,377 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Skyworks Solutions from $124.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Piper Sandler upped their price target on shares of Skyworks Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Standpoint Research downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Needham & Company LLC upped their price target on shares of Skyworks Solutions from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $137.88.

Shares of NASDAQ SWKS opened at $143.19 on Wednesday. The company has a 50 day simple moving average of $136.91 and a 200-day simple moving average of $114.01. The company has a market capitalization of $24.40 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.83 and a quick ratio of 4.09. Skyworks Solutions Inc has a 1 year low of $67.90 and a 1 year high of $149.49.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.13. The firm had revenue of $736.80 million during the quarter, compared to analysts’ expectations of $690.06 million. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. During the same quarter last year, the company posted $1.35 EPS. As a group, research analysts expect that Skyworks Solutions Inc will post 4.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.44. Skyworks Solutions’s dividend payout ratio (DPR) is presently 35.03%.

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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