Versor Investments LP Has $1.97 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Versor Investments LP boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 115.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,901 shares of the semiconductor manufacturer's stock after buying an additional 10,658 shares during the period. Versor Investments LP's holdings in Skyworks Solutions were worth $1,966,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $27,000. Blue Trust Inc. boosted 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 worth $36,000 after buying an additional 149 shares during the period. Matrix Trust Co purchased a new position in shares of Skyworks Solutions during the third quarter valued at $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Skyworks Solutions during the third quarter valued at $49,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $1.18 on Monday, reaching $87.98. 2,600,073 shares of the stock were exchanged, compared to its average volume of 2,356,555. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $86.65 and a twelve month high of $120.86. The firm has a fifty day moving average price of $96.90 and a two-hundred day moving average price of $100.84. The stock has a market cap of $14.05 billion, a PE ratio of 18.14, a PEG ratio of 4.05 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital assumed coverage on Skyworks Solutions in a research note on Monday. They set a "hold" rating and a $90.00 target price on the stock. Rosenblatt Securities boosted their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Susquehanna cut their target price on shares of Skyworks Solutions from $125.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Craig Hallum boosted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, B. Riley cut their price objective on Skyworks Solutions from $140.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $108.94.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 13th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company's stock, valued at $3,793,589.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,341 shares of company stock valued at $2,142,110. Insiders own 0.34% of the company's stock.

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.