LMR Partners LLP Buys New Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS)

LMR Partners LLP purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,473 shares of the semiconductor manufacturer's stock, valued at approximately $8,245,000. LMR Partners LLP owned about 0.05% of Skyworks Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after buying an additional 745,374 shares in the last quarter. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 38.8% during the 2nd 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. 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 purchasing an additional 661,144 shares during the period. Pacer Advisors Inc. raised its position 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 purchasing an additional 1,233,618 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Skyworks Solutions by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer's stock worth $212,993,000 after purchasing an additional 190,000 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company's stock, valued at approximately $3,793,589.91. This trade represents a 20.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now 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. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 over the last three months. Corporate insiders own 0.35% of the company's stock.

Skyworks Solutions Stock Up 0.1 %

Shares of NASDAQ SWKS traded up $0.09 during mid-day trading on Monday, reaching $83.78. The company had a trading volume of 1,282,095 shares, compared to its average volume of 2,377,937. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.19 and a current ratio of 3.01. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The stock's 50 day moving average is $95.14 and its 200-day moving average is $100.23. The stock has a market capitalization of $13.38 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.53 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, beating the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm's revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced 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. This represents a $2.80 annualized dividend and a yield of 3.34%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is 75.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SWKS. B. Riley dropped their price target on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 price objective for the company. Stifel Nicolaus increased their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Bank of America increased their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. Three 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.00.

Skyworks Solutions Company 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.