Mirabella Financial Services LLP Grows Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mirabella Financial Services LLP lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 210.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,680 shares of the semiconductor manufacturer's stock after acquiring an additional 10,632 shares during the quarter. Mirabella Financial Services LLP's holdings in Skyworks Solutions were worth $1,496,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SWKS. Vulcan Value Partners LLC grew 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 valued at $481,552,000 after acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. grew its holdings in Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock valued at $370,768,000 after purchasing an additional 1,233,618 shares during the period. Swedbank AB purchased a new stake in Skyworks Solutions in the first quarter worth $110,086,000. Mizuho Securities USA LLC raised its stake in shares of 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 period. Finally, Pzena Investment Management LLC lifted 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 valued at $435,943,000 after buying an additional 661,144 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares of the company's stock, valued at $2,214,960.72. The trade was a 6.90 % 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 valued at $3,034,265 over the last quarter. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $2.52 during trading on Monday, reaching $87.93. The company had a trading volume of 2,959,449 shares, compared to its average volume of 2,390,048. The firm's 50-day simple moving average is $93.30 and its 200 day simple moving average is $99.93. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions's revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is presently 75.68%.

Analysts Set New Price Targets

SWKS has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a report on Wednesday, November 13th. Piper Sandler reduced their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Craig Hallum lowered their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. The Goldman Sachs Group raised shares of Skyworks Solutions to a "hold" rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Three research 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, the company has an average rating of "Hold" and a consensus target price of $101.00.

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.