Quantbot Technologies LP Grows Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quantbot Technologies LP lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 245.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,019 shares of the semiconductor manufacturer's stock after buying an additional 51,878 shares during the period. Quantbot Technologies LP's holdings in Skyworks Solutions were worth $6,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWKS. Resources Management Corp CT ADV boosted its holdings in shares of Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer's stock valued at $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC increased its position in Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after purchasing an additional 143 shares during the period. Savant Capital LLC lifted its holdings in shares of Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after buying an additional 144 shares during the period. Private Trust Co. NA boosted its stake in shares of Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock valued at $93,000 after buying an additional 146 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Skyworks Solutions Trading Down 0.4 %

Shares of NASDAQ:SWKS traded down $0.26 during midday trading on Tuesday, reaching $68.76. The company's stock had a trading volume of 429,399 shares, compared to its average volume of 2,572,997. The business has a 50 day moving average price of $75.26 and a 200 day moving average price of $86.28. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is currently 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SWKS shares. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.78.

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.