Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,147 shares of the semiconductor manufacturer's stock after purchasing an additional 9,161 shares during the period. Quantinno Capital Management LP's holdings in Skyworks Solutions were worth $4,360,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vulcan Value Partners LLC raised its position in 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 worth $481,552,000 after buying an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. lifted its position in Skyworks Solutions by 54.9% in 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. Mizuho Securities USA LLC boosted its holdings in Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock valued at $71,708,000 after purchasing an additional 713,636 shares in the last quarter. Pzena Investment Management LLC increased its position in 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 worth $435,943,000 after purchasing an additional 661,144 shares during the period. Finally, Swedbank AB raised its stake in shares of Skyworks Solutions by 56.7% during the 2nd quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock worth $169,769,000 after buying an additional 576,576 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Mizuho cut their price objective on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Loop Capital assumed coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 target price for the company. Citigroup lowered their price target on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a report on Wednesday, November 13th. Finally, Piper Sandler decreased their target price on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Three 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $101.00.

Insider Activity

In other news, SVP Carlos S. Bori sold 10,177 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The stock was 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 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 disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 over the last 90 days. Company insiders own 0.34% of the company's stock.

Skyworks Solutions Trading Up 1.7 %

Shares of SWKS traded up $1.45 during trading hours on Friday, hitting $87.87. The stock had a trading volume of 3,203,816 shares, compared to its average volume of 2,581,046. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm has a market cap of $14.05 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.94 and a beta of 1.19. 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 company's fifty day simple moving average is $91.35 and its 200 day simple moving average is $99.49.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly 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. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm's revenue was down 15.9% on a year-over-year basis. Equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is 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.