Barclays PLC Has $191.02 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barclays PLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 96.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,934,037 shares of the semiconductor manufacturer's stock after purchasing an additional 949,407 shares during the period. Barclays PLC owned 1.21% of Skyworks Solutions worth $191,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Forsta AP Fonden lifted its stake in shares of Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after acquiring an additional 7,900 shares during the period. Versor Investments LP lifted its position in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after purchasing an additional 10,658 shares during the period. Van ECK Associates Corp boosted its stake in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Captrust Financial Advisors boosted its stake in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Skyworks Solutions during the 3rd quarter valued at $1,570,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 0.8 %

Shares of NASDAQ:SWKS traded up $0.68 during midday trading on Tuesday, hitting $90.27. 1,435,710 shares of the stock were exchanged, compared to its average volume of 2,262,671. The company has a market capitalization of $14.44 billion, a PE ratio of 24.40, a P/E/G ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The business's fifty day simple moving average is $89.43 and its two-hundred day simple moving average is $96.97.

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

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is 75.68%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research reports. Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a "hold" rating and a $90.00 target price for the company. Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Susquehanna decreased their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Finally, Piper Sandler cut their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.12.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company 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.