Oppenheimer & Co. Inc. raised its position in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,510 shares of the semiconductor manufacturer’s stock after buying an additional 5,579 shares during the period. Oppenheimer & Co. Inc.’s holdings in Skyworks Solutions were worth $5,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Investment Counselors of Maryland LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $102,000. Fuller & Thaler Asset Management Inc. increased its position in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in Skyworks Solutions during the second quarter worth approximately $125,000. Amica Retiree Medical Trust acquired a new position in Skyworks Solutions during the third quarter worth approximately $134,000. Finally, Synovus Financial Corp increased its position in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.48% on Wednesday, hitting $76.85. The company had a trading volume of 1,581,545 shares. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $88.52. The firm’s 50 day moving average price is $77.19 and its 200 day moving average price is $70.70. The stock has a market cap of $14.28 billion, a P/E ratio of 14.84 and a beta of 1.11.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. The company earned $835.40 million during the quarter, compared to analysts’ expectations of $830.94 million. During the same period in the prior year, the company earned $1.52 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions Inc. will post $6.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, November 15th. Skyworks Solutions’s dividend payout ratio (DPR) is 21.62%.

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A number of research analysts have recently commented on SWKS shares. Canaccord Genuity reiterated a “buy” rating and issued a $92.00 price objective on shares of Skyworks Solutions in a report on Friday, September 23rd. Brean Capital restated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 21st. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $76.56 price target on the stock in a research note on Tuesday, September 6th. Drexel Hamilton restated a “buy” rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, August 30th. Finally, Charter Equity upgraded Skyworks Solutions from a “market perform” rating to a “buy” rating in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $84.69.

In other Skyworks Solutions news, Director Timothy R. Furey sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.87, for a total transaction of $374,350.00. Following the completion of the sale, the director now directly owns 34,947 shares in the company, valued at $2,616,481.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy R. Furey sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $78.67, for a total transaction of $590,025.00. Following the sale, the director now owns 19,947 shares of the company’s stock, valued at $1,569,230.49. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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