UMB Bank n.a. Has $40,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Posted by Defense World Staff on Mar 23rd, 2023

Skyworks Solutions logo UMB Bank n.a. trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 83.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447 shares of the semiconductor manufacturer’s stock after selling 2,231 shares during the period. UMB Bank n.a.’s holdings in Skyworks Solutions were worth $40,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SWKS. Ellevest Inc. boosted its position in shares of Skyworks Solutions by 776.5% during the 3rd quarter. Ellevest Inc. now owns 298 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 264 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Skyworks Solutions by 257.9% in the 3rd quarter. CVA Family Office LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at $36,000. CoreCap Advisors LLC acquired a new position in Skyworks Solutions during the second quarter worth about $38,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Skyworks Solutions by 360.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 450 shares during the last quarter. 75.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Karilee A. Durham sold 2,716 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $110.00, for a total transaction of $298,760.00. Following the transaction, the senior vice president now directly owns 13,428 shares in the company, valued at $1,477,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Skyworks Solutions news, SVP Karilee A. Durham sold 2,716 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $110.00, for a total transaction of $298,760.00. Following the transaction, the senior vice president now directly owns 13,428 shares in the company, valued at $1,477,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Reza Kasnavi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $120.03, for a total transaction of $360,090.00. Following the completion of the transaction, the senior vice president now owns 16,994 shares in the company, valued at approximately $2,039,789.82. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research reports. Mizuho reaffirmed a “buy” rating and set a $135.00 price target on shares of Skyworks Solutions in a report on Tuesday, February 7th. TheStreet raised shares of Skyworks Solutions from a “c+” rating to a “b-” rating in a report on Thursday, February 9th. B. Riley lifted their target price on shares of Skyworks Solutions from $95.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. KGI Securities upgraded shares of Skyworks Solutions from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Skyworks Solutions from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.35.

Skyworks Solutions Stock Down 2.1 %

SWKS stock opened at $114.32 on Thursday. The company has a current ratio of 2.79, a quick ratio of 1.75 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $111.96 and its 200 day moving average is $98.76. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.29. Skyworks Solutions, Inc. has a 1-year low of $76.16 and a 1-year high of $141.26.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The semiconductor manufacturer reported $2.59 earnings per share for the quarter, hitting the consensus estimate of $2.59. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Skyworks Solutions had a net margin of 22.33% and a return on equity of 28.65%. Skyworks Solutions’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.90 earnings per share. Sell-side analysts predict that Skyworks Solutions, Inc. will post 8.21 EPS for the current fiscal year.

Skyworks Solutions announced that its Board of Directors has approved a share repurchase program on Monday, February 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, February 28th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, February 27th. Skyworks Solutions’s dividend payout ratio (DPR) is 33.83%.

Skyworks Solutions Profile

(Get Rating)

Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.