Wellington Management Group LLP Increases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wellington Management Group LLP raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 52.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,267,835 shares of the semiconductor manufacturer's stock after purchasing an additional 775,470 shares during the period. Wellington Management Group LLP owned 1.42% of Skyworks Solutions worth $223,994,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Skyworks Solutions by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer's stock valued at $477,173,000 after purchasing an additional 176,070 shares during the period. Vulcan Value Partners LLC grew its holdings in Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock valued at $481,552,000 after purchasing an additional 1,262,964 shares during the period. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 19.3% during the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock valued at $435,943,000 after purchasing an additional 661,144 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after acquiring an additional 1,233,618 shares during the period. Finally, FMR LLC boosted its stake in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock worth $265,853,000 after acquiring an additional 182,130 shares during the period. Institutional investors own 85.43% of the company's stock.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The shares were 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 owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 over the last quarter. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. B. Riley dropped their price objective on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Citigroup dropped their price objective on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a research note on Wednesday, November 13th. Finally, Piper Sandler dropped their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $101.00.

Skyworks Solutions Trading Up 2.0 %

Shares of NASDAQ SWKS traded up $1.80 during midday trading on Monday, hitting $89.67. The company's stock had a trading volume of 1,948,005 shares, compared to its average volume of 2,384,249. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $91.35 and its two-hundred day moving average is $99.53. 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 $14.34 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.

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, 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The company's revenue for the quarter was down 15.9% on a year-over-year basis. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.12%. Skyworks Solutions's dividend payout ratio (DPR) is currently 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.