3,850 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, Holdings Channel reports. The firm purchased 3,850 shares of the semiconductor manufacturer’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its position in shares of Skyworks Solutions by 20.3% in the third quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock valued at $297,000 after acquiring an additional 506 shares during the last quarter. WCM Investment Management LLC increased its holdings in Skyworks Solutions by 287.3% during the third quarter. WCM Investment Management LLC now owns 11,491 shares of the semiconductor manufacturer’s stock worth $1,136,000 after buying an additional 8,524 shares during the last quarter. Versor Investments LP raised its position in Skyworks Solutions by 115.3% during the third 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. Arvest Investments Inc. lifted its stake in Skyworks Solutions by 1.1% in the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after acquiring an additional 133 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Skyworks Solutions by 8.6% in the 3rd quarter. Assetmark Inc. now owns 204,873 shares of the semiconductor manufacturer’s stock valued at $20,235,000 after acquiring an additional 16,252 shares during the period. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Citigroup dropped their price objective on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research note on Wednesday, November 13th. Rosenblatt Securities lifted 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. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, Robert W. Baird lifted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.00.

Skyworks Solutions Stock Up 2.0 %

Shares of NASDAQ:SWKS opened at $85.13 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.19 and a current ratio of 5.54. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a market capitalization of $13.61 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. The company has a fifty day moving average of $93.83 and a 200-day moving average of $99.91.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 75.68%.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,841 shares of company stock worth $3,034,265. Company insiders own 0.34% 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.