Johnson Investment Counsel Inc. Has $467,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Johnson Investment Counsel Inc. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 77.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,216 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,835 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Skyworks Solutions were worth $467,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SWKS. Panagora Asset Management Inc. grew its holdings in shares of Skyworks Solutions by 54.0% during the first quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock worth $1,388,000 after purchasing an additional 3,654 shares during the last quarter. LSV Asset Management bought a new stake in shares of Skyworks Solutions during the first quarter worth $11,382,000. Raymond James Trust N.A. grew its holdings in shares of Skyworks Solutions by 7.8% during the first quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock worth $310,000 after purchasing an additional 169 shares during the last quarter. Prudential PLC bought a new stake in shares of Skyworks Solutions during the first quarter worth $429,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Skyworks Solutions by 9.7% during the first quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock worth $966,000 after purchasing an additional 643 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 1.3 %

SWKS stock opened at $94.74 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.52 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $15.10 billion, a PE ratio of 15.46, a PEG ratio of 1.01 and a beta of 1.33. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $123.69. The business’s 50 day simple moving average is $93.97 and its 200 day simple moving average is $102.29.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s payout ratio is presently 44.37%.

Insider Buying and Selling

In related news, CFO Kris Sennesael sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $106.28, for a total transaction of $4,251,200.00. Following the transaction, the chief financial officer now directly owns 87,823 shares of the company’s stock, valued at approximately $9,333,828.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 5,289 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $94.04, for a total value of $497,377.56. Following the transaction, the senior vice president now directly owns 19,078 shares of the company’s stock, valued at approximately $1,794,095.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kris Sennesael sold 40,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $106.28, for a total value of $4,251,200.00. Following the completion of the transaction, the chief financial officer now directly owns 87,823 shares in the company, valued at $9,333,828.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,988 shares of company stock valued at $6,615,678. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on SWKS shares. KeyCorp decreased their price target on Skyworks Solutions from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Citigroup cut Skyworks Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the company from $116.00 to $87.00 in a report on Tuesday, October 10th. Susquehanna decreased their price target on Skyworks Solutions from $115.00 to $110.00 and set a “positive” rating on the stock in a report on Friday, November 3rd. Morgan Stanley decreased their price target on Skyworks Solutions from $112.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. Finally, StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.88.

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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.