Redditors are Buying AMD and 4 Other Stocks on the Dip

1. Skyworks Solutions, Inc. (NASDAQ:SWKS)

Number of Hedge Fund Holders: 40  

Percentage Decrease in Share Price Over Past Six Months: 24%      

Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, manufactures, and markets proprietary semiconductor products. The company has an impressive dividend profile. It has consistently paid a dividend to shareholders for the past six years. These payouts have also registered uninterrupted growth during this time. The sector median in this regard is just two years. In early August, the firm declared a quarterly dividend of $0.62 per share, an increase of 11% compared to the previous dividend. The forward yield was 2.18%. 

On July 16, Exane BNP Paribas analyst Karl Ackerman maintained a Buy rating on Skyworks Solutions, Inc. (NASDAQ:SWKS) stock with a price target to $120, noting that the firm remains better positioned given the relative strength of the Apple supply chain. 

Among the hedge funds being tracked by Insider Monkey, Omaha-based investment firm Millennium Management is a leading shareholder in Skyworks Solutions, Inc. (NASDAQ:SWKS), with 1.6 million shares worth more than $149 million. 

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

Follow Insider Monkey on Twitter