Y Intercept Hong Kong Ltd Invests $2.45 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Y Intercept Hong Kong Ltd bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,828 shares of the semiconductor manufacturer's stock, valued at approximately $2,452,000.

Several other hedge funds and other institutional investors have also modified their holdings of SWKS. Forsta AP Fonden grew its stake in Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after buying an additional 7,900 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after acquiring an additional 10,658 shares in the last quarter. Van ECK Associates Corp grew its position in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after acquiring an additional 325,672 shares during the last quarter. M&G Plc acquired a new stake in Skyworks Solutions during the 2nd quarter valued at $797,000. Finally, Captrust Financial Advisors raised its position in Skyworks Solutions by 20.2% in the 3rd 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. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 2.3 %

Shares of NASDAQ SWKS traded down $2.03 during mid-day trading on Tuesday, reaching $87.64. 2,090,848 shares of the company's stock were exchanged, compared to its average volume of 2,383,012. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. 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 firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.94 and a beta of 1.19. The business has a fifty day simple moving average of $91.01 and a 200 day simple moving average of $99.49.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The business's revenue was down 15.9% on a year-over-year basis. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued 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 75.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SWKS shares. Piper Sandler lowered their target price 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. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th. Mizuho reduced their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Loop Capital started coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 price target for the company. Finally, Citigroup reduced their price objective on Skyworks Solutions from $83.00 to $72.00 and set a "sell" 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 assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $101.00.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 over the last three months. Company insiders own 0.35% 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.