Quadrature Capital Ltd purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,190 shares of the semiconductor manufacturer's stock, valued at approximately $710,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vulcan Value Partners LLC lifted its holdings in Skyworks Solutions by 38.8% in the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after purchasing an additional 1,262,964 shares during the period. Pacer Advisors Inc. raised its position in shares of Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after buying an additional 1,233,618 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock worth $71,708,000 after acquiring an additional 713,636 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock valued at $435,943,000 after acquiring an additional 661,144 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Skyworks Solutions by 56.7% during the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock valued at $169,769,000 after acquiring an additional 576,576 shares during the period. Institutional investors own 85.43% of the company's stock.
A number of equities research analysts have weighed in on the company. Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Mizuho lowered their target price on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. B. Riley cut their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Finally, Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and a consensus target price of $101.00.
Read Our Latest Report on SWKS
In related news, SVP Carlos S. Bori sold 9,321 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares of the company's stock, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 in the last ninety days. Insiders own 0.34% of the company's stock.
Shares of Skyworks Solutions stock opened at $87.87 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The firm has a fifty day simple moving average of $91.35 and a 200-day simple moving average of $99.49. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.94 and a beta of 1.19.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm's revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is currently 75.68%.
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, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.
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