Polianta Ltd Invests $1.34 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Polianta Ltd acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,100 shares of the semiconductor manufacturer's stock, valued at approximately $1,339,000. Skyworks Solutions accounts for 0.6% of Polianta Ltd's investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SWKS. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $27,000. Investors Research Corp raised its position in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 213 shares in the last quarter. Matrix Trust Co acquired a new stake in Skyworks Solutions in the third quarter valued at $39,000. Valley Wealth Managers Inc. purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SWKS. Citigroup lifted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Mizuho reduced their price objective on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Susquehanna lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Friday. Finally, Piper Sandler dropped their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $101.12.

Skyworks Solutions Trading Up 2.4 %

Skyworks Solutions stock traded up $2.20 during midday trading on Monday, reaching $93.64. The stock had a trading volume of 2,145,591 shares, compared to its average volume of 2,037,831. The stock's 50-day simple moving average is $88.57 and its 200 day simple moving average is $97.61. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a market capitalization of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $1.95 EPS. The company's revenue was down 15.9% compared to the same quarter last year. Analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. Skyworks Solutions's payout ratio is 75.68%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of the business'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 transaction of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by corporate insiders.

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.