FMR LLC boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,691,637 shares of the semiconductor manufacturer's stock after purchasing an additional 182,130 shares during the quarter. FMR LLC owned about 1.69% of Skyworks Solutions worth $265,853,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Innealta Capital LLC purchased a new position in Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth about $27,000. Investors Research Corp increased its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 213 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Skyworks Solutions by 79.7% during 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 in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $39,000. 85.43% of the stock is currently owned by institutional investors.
Skyworks Solutions Price Performance
Shares of NASDAQ:SWKS traded up $0.79 during trading on Monday, reaching $87.59. The company had a trading volume of 1,941,077 shares, compared to its average volume of 2,488,896. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14.01 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a fifty day moving average of $92.44 and a two-hundred day moving average of $99.74.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company's revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 earnings per share. Equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.20%. Skyworks Solutions's payout ratio is 75.68%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They set a "hold" rating and a $90.00 price target on the stock. Morgan Stanley lowered their target price on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Finally, Susquehanna dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $101.00.
Check Out Our Latest Stock Report on SWKS
Insider Activity
In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction 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 $2,638,548.38. This represents a 27.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,841 shares of company stock valued at $3,034,265. 0.35% of the stock is currently owned by insiders.
About Skyworks Solutions
(
Free Report)
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.
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