World Investment Advisors LLC Takes $4.73 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

World Investment Advisors LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,934 shares of the semiconductor manufacturer's stock, valued at approximately $4,734,000.

Other large investors have also added to or reduced their stakes in the company. Forsta AP Fonden boosted its position in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after acquiring an additional 7,900 shares during the period. Versor Investments LP boosted its position in shares of Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after acquiring an additional 10,658 shares during the period. Van ECK Associates Corp boosted its position in shares of Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after acquiring an additional 325,672 shares during the period. Captrust Financial Advisors lifted its position in Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after purchasing an additional 6,151 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in Skyworks Solutions during the third quarter valued at approximately $1,570,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.52 during mid-day trading on Friday, hitting $90.16. The company had a trading volume of 948,646 shares, compared to its average volume of 2,374,232. 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 company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.97 and a beta of 1.19. The company's fifty day moving average is $90.71 and its 200-day moving average is $99.35. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its 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. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business's quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. Equities research analysts predict 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. This represents a $2.80 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SWKS shares. Citigroup lowered their price objective on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Loop Capital started coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a "hold" rating and a $90.00 price objective on the stock. Susquehanna reduced their price objective on shares of 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, Piper Sandler reduced their price objective on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. 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 company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $101.00.

Insider Activity at Skyworks Solutions

In other 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 completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the 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 owns 24,567 shares of the company's stock, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,520 shares of company stock valued at $2,083,803. 0.34% of the stock is owned by insiders.

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.