Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5,769.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 726,005 shares of the semiconductor manufacturer's stock after acquiring an additional 713,636 shares during the quarter. Mizuho Securities USA LLC owned 0.45% of Skyworks Solutions worth $71,708,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $27,000. Blue Trust Inc. lifted its position in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $39,000. Finally, Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions in the 3rd quarter valued at approximately $40,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Morgan Stanley cut 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 research report on Wednesday. Susquehanna lowered their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday. Stifel Nicolaus upped their target price 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, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $101.00.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Down 0.4 %

NASDAQ SWKS traded down $0.31 during mid-day trading on Friday, hitting $83.69. The company's stock had a trading volume of 3,278,939 shares, compared to its average volume of 2,401,136. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock's fifty day simple moving average is $95.14 and its two-hundred day simple moving average is $100.20. The firm has a market capitalization of $13.37 billion, a P/E 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 posted its earnings results 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. The business had revenue of $1.03 billion for 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%. The business's quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is presently 75.68%.

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.