Quadrature Capital Ltd Acquires Shares of 7,190 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quadrature Capital Ltd acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,190 shares of the semiconductor manufacturer's stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWKS. CWM LLC boosted its stake in shares of Skyworks Solutions by 19.0% during the 2nd quarter. CWM LLC now owns 6,820 shares of the semiconductor manufacturer's stock worth $727,000 after purchasing an additional 1,089 shares during the period. Czech National Bank increased its holdings in Skyworks Solutions by 8.5% during the 2nd quarter. Czech National Bank now owns 30,574 shares of the semiconductor manufacturer's stock worth $3,259,000 after purchasing an additional 2,383 shares during the period. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock valued at $239,000 after purchasing an additional 87 shares in the last quarter. M&G Plc purchased a new stake in shares of Skyworks Solutions in the 2nd quarter worth $797,000. Finally, Diversified Trust Co grew its position in shares of Skyworks Solutions by 23.9% during the 2nd quarter. Diversified Trust Co now owns 2,652 shares of the semiconductor manufacturer's stock worth $283,000 after buying an additional 512 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $1.45 during mid-day trading on Friday, reaching $87.87. 3,203,816 shares of the company traded hands, compared to its average volume of 2,581,046. The firm's fifty day moving average is $91.35 and its two-hundred day moving average is $99.49. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $1.95 EPS. The firm's revenue was down 15.9% on a year-over-year basis. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho decreased 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. Citigroup reduced their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a report on Wednesday, November 13th. B. Riley dropped their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Piper Sandler reduced their price objective 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. Finally, Craig Hallum dropped their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Three 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. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $101.00.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares of the company's stock, 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 sold 31,841 shares of company stock valued at $3,034,265 over the last quarter. 0.34% of the stock is currently owned by company insiders.

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.