Benjamin Edwards Inc. bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,208 shares of the semiconductor manufacturer's stock, valued at approximately $1,996,000.
Other hedge funds have also 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 valued at $481,552,000 after acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. raised its stake 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 during the last quarter. Mizuho Securities USA LLC raised its stake in shares of Skyworks Solutions by 5,769.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock worth $71,708,000 after buying an additional 713,636 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Skyworks Solutions by 19.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock worth $435,943,000 after buying an additional 661,144 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Skyworks Solutions by 56.7% during the 2nd quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock worth $169,769,000 after buying an additional 576,576 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions Stock Performance
Shares of NASDAQ:SWKS traded up $1.50 on Friday, hitting $87.92. The company's stock had a trading volume of 1,841,926 shares, compared to its average volume of 2,380,163. 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 company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The stock's 50-day moving average is $91.57 and its two-hundred day moving average is $99.48. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company's revenue was down 15.9% on a year-over-year basis. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.
Skyworks Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is 75.68%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SWKS shares. Citigroup dropped their price objective on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a research report on Wednesday, November 13th. Barclays lowered their price target on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. B. Riley lowered their price target on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $101.00.
Get Our Latest Report on SWKS
Insiders Place Their Bets
In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company's stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 in the last three months. Insiders own 0.34% of the company's stock.
About Skyworks Solutions
(
Free Report)
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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