Two Sigma Advisers LP Cuts Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Two Sigma Advisers LP lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 39.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 286,700 shares of the semiconductor manufacturer's stock after selling 189,600 shares during the period. Two Sigma Advisers LP owned about 0.18% of Skyworks Solutions worth $28,317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Skyworks Solutions during the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new position in Skyworks Solutions during the second quarter worth approximately $27,000. Erste Asset Management GmbH acquired a new position in Skyworks Solutions during the third quarter worth approximately $27,000. Investors Research Corp increased its position in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 213 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of 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 purchasing an additional 149 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 15,960 shares of the company's stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $1.45 during mid-day trading on Friday, reaching $87.87. The company's stock had a trading volume of 3,203,816 shares, compared to its average volume of 2,581,046. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a market capitalization of $14.05 billion, a P/E ratio of 23.75, a PEG 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 fifty day moving average price is $91.35 and its two-hundred day moving average price is $99.49.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 firm had revenue of $1.03 billion during 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 revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. Sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SWKS. Morgan Stanley decreased their target price on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 13th. Craig Hallum decreased their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Mizuho reduced their price target on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Susquehanna reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Finally, Citigroup reduced their price target on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research 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 given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $101.00.

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.