Quantbot Technologies LP Purchases 4,067 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quantbot Technologies LP grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,266 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,067 shares during the period. Quantbot Technologies LP’s holdings in Skyworks Solutions were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SWKS. BNP Paribas acquired a new stake in Skyworks Solutions during the first quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Access Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 1st quarter valued at $31,000. Finally, Blue Trust Inc. boosted its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the transaction, the vice president now owns 9,112 shares of the company’s stock, valued at $1,093,440. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,068 shares of company stock valued at $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of a number of research analyst reports. TD Cowen boosted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and issued a $115.00 target price (up from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.94.

Skyworks Solutions Trading Down 0.5 %

Shares of Skyworks Solutions stock opened at $96.75 on Wednesday. The stock has a market capitalization of $15.52 billion, a P/E ratio of 18.19, a P/E/G ratio of 4.71 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The stock’s 50-day simple moving average is $107.71 and its 200 day simple moving average is $103.17.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.89%. Skyworks Solutions’s payout ratio is 52.63%.

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.