Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 246.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,204 shares of the semiconductor manufacturer’s stock after buying an additional 12,955 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Skyworks Solutions were worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Forsta AP Fonden boosted its position in Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after buying an additional 7,900 shares during the period. Versor Investments LP boosted its holdings in 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 purchasing an additional 10,658 shares during the period. Van ECK Associates Corp increased its holdings 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 purchasing an additional 325,672 shares during the period. M&G Plc acquired a new stake in Skyworks Solutions in the 2nd quarter valued at about $797,000. Finally, Captrust Financial Advisors boosted its stake in shares of 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 buying an additional 6,151 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SWKS shares. Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Citigroup decreased their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Three 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. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $101.00.

Insider Transactions at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred 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 directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock worth $3,034,265. Company insiders own 0.35% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS opened at $87.64 on Wednesday. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The firm has a 50-day simple moving average of $91.01 and a 200-day simple moving average of $99.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion for 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 company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.19%. Skyworks Solutions’s payout ratio is currently 75.68%.

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.