WCM Investment Management LLC Boosts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

WCM Investment Management LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 287.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,491 shares of the semiconductor manufacturer's stock after acquiring an additional 8,524 shares during the period. WCM Investment Management LLC's holdings in Skyworks Solutions were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions in the second quarter worth approximately $27,000. Blue Trust Inc. increased 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 purchasing an additional 149 shares during the last quarter. Matrix Trust Co bought a new position in shares of Skyworks Solutions in the third quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Skyworks Solutions in the third quarter worth approximately $49,000. 85.43% of the stock is currently owned by institutional investors.

Insider Activity at Skyworks Solutions

In related news, 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares of the company's stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,162 shares of company stock valued at $2,306,291 over the last ninety days. Insiders own 0.34% of the company's stock.

Skyworks Solutions Trading Down 4.0 %

SWKS stock traded down $3.44 on Wednesday, reaching $83.60. The company's stock had a trading volume of 2,831,177 shares, compared to its average volume of 2,363,613. The business has a fifty day simple moving average of $96.17 and a two-hundred day simple moving average of $100.61. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm has a market cap of $13.35 billion, a PE ratio of 22.62, a PEG ratio of 3.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.95 earnings per share. The company's revenue was down 15.9% on a year-over-year basis. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley decreased their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Loop Capital began coverage on Skyworks Solutions in a research note on Monday. They issued a "hold" rating and a $90.00 target price for the company. Barclays cut their target price on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research note on Wednesday. Rosenblatt Securities upped their target price on Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Craig Hallum cut their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $101.59.

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.