XTX Topco Ltd Purchases New Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

XTX Topco Ltd bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,544 shares of the semiconductor manufacturer's stock, valued at approximately $1,832,000.

Several other hedge funds have also made changes to their positions in SWKS. Innealta Capital LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the 3rd quarter worth $27,000. Investors Research Corp grew its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 213 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Skyworks Solutions by 79.7% during the 2nd 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. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 1.7 %

Skyworks Solutions stock traded up $1.45 during mid-day trading on Friday, hitting $87.87. The company had a trading volume of 3,203,816 shares, compared to its average volume of 2,581,046. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The business has a fifty day moving average of $91.35 and a 200 day moving average of $99.49. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.94 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its 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. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.95 EPS. The company's revenue was down 15.9% on a year-over-year basis. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.19%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays decreased their target price on shares of Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating on the stock in a research report on Wednesday, November 13th. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Mizuho cut their target price 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. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a 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 stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and a consensus price target of $101.00.

Insider Buying and Selling

In related news, SVP Carlos S. Bori sold 10,177 shares of the business'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 transaction, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following 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 disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 in the last quarter. 0.34% of the stock is owned by insiders.

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.