Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 346,468 shares of the semiconductor manufacturer's stock after purchasing an additional 11,092 shares during the period. Seizert Capital Partners LLC owned approximately 0.22% of Skyworks Solutions worth $34,221,000 at the end of the most recent quarter.

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

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company's stock, 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 have sold 31,841 shares of company stock valued at $3,034,265 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded down $0.31 during trading hours on Friday, reaching $83.69. The stock had a trading volume of 3,278,939 shares, compared to its average volume of 2,401,136. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 3.01. The stock has a market cap 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. The stock has a fifty day moving average of $95.14 and a 200 day moving average of $100.16.

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, topping analysts' consensus estimates of $1.52 by $0.03. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business 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. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.35%. Skyworks Solutions's dividend payout ratio is presently 75.68%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. B. Riley dropped their price objective on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 price objective for the company. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday. TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and a consensus price target of $101.00.

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.