Entropy Technologies LP Has $608,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Entropy Technologies LP lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 82.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,155 shares of the semiconductor manufacturer's stock after selling 28,468 shares during the period. Entropy Technologies LP's holdings in Skyworks Solutions were worth $608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after acquiring an additional 745,374 shares during the period. Vulcan Value Partners LLC grew its holdings in shares of Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after purchasing an additional 1,262,964 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of 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 in the last quarter. Pacer Advisors Inc. lifted its holdings in Skyworks Solutions by 54.9% during the 2nd 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Skyworks Solutions by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer's stock valued at $212,993,000 after buying an additional 190,000 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Wednesday. Craig Hallum dropped their price target on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday. Piper Sandler cut 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. Rosenblatt Securities raised their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Barclays cut their price target on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a report on Wednesday. Three equities 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $101.00.

Insider Activity at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on 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 of the company's stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock worth $3,034,265 in the last quarter. Corporate insiders own 0.34% of the company's stock.

Skyworks Solutions Trading Down 0.4 %

NASDAQ SWKS traded down $0.31 on Friday, reaching $83.69. The company had a trading volume of 3,278,401 shares, compared to its average volume of 2,382,870. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. 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 $13.37 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.77 and a beta of 1.21. The stock's 50 day moving average is $95.44 and its 200-day moving average is $100.37.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions's revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. Equities analysts predict that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

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.