Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 246.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,204 shares of the semiconductor manufacturer's stock after buying an additional 12,955 shares during the period. Kovitz Investment Group Partners LLC's holdings in Skyworks Solutions were worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds have 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 2nd quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions during the second quarter worth $27,000. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the third quarter worth $27,000. Investors Research Corp increased its holdings in Skyworks Solutions by 167.7% in the third 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. Finally, Blue Trust Inc. raised its stake in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock valued at $36,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the business's 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 sale, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SWKS. Piper Sandler lowered their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. B. Riley reduced their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Citigroup dropped their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a "hold" rating and a $90.00 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $101.00.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $1.77 during trading hours on Wednesday, reaching $89.41. 2,517,940 shares of the stock were exchanged, compared to its average volume of 2,383,584. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock has a market cap of $14.30 billion, a P/E ratio of 24.18, 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 firm's 50 day moving average is $91.01 and its 200 day moving average is $99.49.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm's revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. Analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Skyworks Solutions Company 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.