Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Raised by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 12.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,455 shares of the semiconductor manufacturer's stock after purchasing an additional 20,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.11% of Skyworks Solutions worth $17,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vulcan Value Partners LLC raised its stake in Skyworks Solutions by 38.8% during 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 holdings in Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock valued at $370,768,000 after acquiring an additional 1,233,618 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Skyworks Solutions by 5,769.6% in the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock valued at $71,708,000 after buying an additional 713,636 shares during the last quarter. Pzena Investment Management LLC raised its position 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 acquiring an additional 661,144 shares in the last quarter. Finally, Swedbank AB raised its holdings in Skyworks Solutions by 56.7% during the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock worth $169,769,000 after purchasing an additional 576,576 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SWKS. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a report on Wednesday, November 13th. Mizuho cut their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. B. Riley decreased their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a "hold" rating and a $90.00 price target for the company. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $101.00.

Skyworks Solutions Trading Up 1.0 %

Shares of NASDAQ:SWKS traded up $0.90 during trading on Monday, reaching $88.49. 2,140,417 shares of the stock were exchanged, compared to its average volume of 2,382,410. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm's 50-day moving average price is $92.44 and its 200 day moving average price is $99.74.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm 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 firm's quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 EPS. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.16%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 9,321 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 37,203 shares of the company's stock, valued at $3,793,589.91. The trade was a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,841 shares of company stock valued at $3,034,265. Corporate insiders own 0.35% of the company's stock.

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.