Sora Investors LLC Buys Shares of 90,000 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sora Investors LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,000 shares of the semiconductor manufacturer's stock, valued at approximately $8,889,000. Skyworks Solutions accounts for 1.6% of Sora Investors LLC's investment portfolio, making the stock its 26th largest position. Sora Investors LLC owned about 0.06% of Skyworks Solutions at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SWKS. Stifel Financial Corp grew its position in Skyworks Solutions by 6.7% in the third quarter. Stifel Financial Corp now owns 82,531 shares of the semiconductor manufacturer's stock valued at $8,153,000 after acquiring an additional 5,190 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $710,000. Quantinno Capital Management LP grew its holdings in shares of Skyworks Solutions by 26.2% in the 3rd quarter. Quantinno Capital Management LP now owns 44,147 shares of the semiconductor manufacturer's stock worth $4,360,000 after purchasing an additional 9,161 shares during the last quarter. Quarry LP acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $169,000. Finally, Royal London Asset Management Ltd. lifted its holdings in Skyworks Solutions by 6.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 65,825 shares of the semiconductor manufacturer's stock valued at $6,502,000 after purchasing an additional 4,227 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Activity

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company's stock, valued at $3,793,589.91. This represents a 20.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the senior vice president now directly 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 sold 31,841 shares of company stock worth $3,034,265 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Up 1.2 %

NASDAQ SWKS traded up $1.05 during trading on Friday, reaching $87.47. 1,517,524 shares of the stock traded hands, compared to its average volume of 2,378,731. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The stock's 50-day moving average price is $91.57 and its 200 day moving average price is $99.48.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is currently 75.68%.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Barclays decreased their target price on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating on the stock in a report on Wednesday, November 13th. Piper Sandler cut their price target on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Susquehanna decreased 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Three 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. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and a consensus target price 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.