Dynamic Technology Lab Private Ltd Buys New Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,770 shares of the semiconductor manufacturer's stock, valued at approximately $866,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forsta AP Fonden increased its stake in Skyworks Solutions by 27.0% during the third 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 last quarter. Versor Investments LP grew its stake in shares of Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after buying an additional 10,658 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after buying an additional 325,672 shares in the last quarter. M&G Plc acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $797,000. Finally, Cetera Investment Advisers grew its stake in shares of Skyworks Solutions by 472.5% in the first quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer's stock valued at $4,667,000 after buying an additional 35,558 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now 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 SEC, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % 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 valued at $3,034,265. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $0.52 during trading hours on Thursday, reaching $86.80. 1,836,575 shares of the stock were exchanged, compared to its average volume of 2,810,753. 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 firm has a 50 day simple moving average of $92.90 and a 200-day simple moving average of $99.80. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The stock has a market capitalization of $13.88 billion, a P/E ratio of 23.46, a P/E/G ratio of 1.90 and a beta of 1.21.

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, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion for 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 revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWKS. Barclays lowered their target price on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research note on Wednesday, November 13th. Mizuho lowered their target price on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Piper Sandler lowered their target price on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Finally, TD Cowen increased their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $101.00.

About Skyworks Solutions

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.