15,896 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 15,896 shares of the semiconductor manufacturer's stock, valued at approximately $1,570,000.

Several other large investors have also recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the second quarter worth $27,000. Investors Research Corp boosted its stake in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 213 shares during the period. Blue Trust Inc. grew its holdings in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in Skyworks Solutions in the 3rd quarter worth about $39,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 1.9 %

Shares of SWKS traded down $1.65 during mid-day trading on Tuesday, hitting $86.28. 1,863,773 shares of the company traded hands, compared to its average volume of 2,387,749. The company has a market capitalization of $13.80 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $93.30 and a 200 day moving average of $99.93. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.95 EPS. Skyworks Solutions's revenue for the quarter was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SWKS shares. B. Riley dropped their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Robert W. Baird increased their price target on Skyworks Solutions from $90.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Bank of America upped their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 31st. Loop Capital initiated coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a "hold" rating and a $90.00 target price on the stock. Finally, Mizuho lowered their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and an average target price of $101.00.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert John Terry sold 1,821 shares of the business's stock in a transaction dated Friday, November 8th. The shares were 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.35% of the stock is currently owned by insiders.

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, 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.