Qsemble Capital Management LP Takes Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Qsemble Capital Management LP acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,854 shares of the semiconductor manufacturer’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. Graham Capital Management L.P. purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $457,000. American Century Companies Inc. increased its position in Skyworks Solutions by 665.2% during the 3rd quarter. American Century Companies Inc. now owns 296,036 shares of the semiconductor manufacturer’s stock worth $29,186,000 after purchasing an additional 257,350 shares in the last quarter. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after buying an additional 53,389 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Skyworks Solutions by 48.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer’s stock worth $48,000 after buying an additional 139 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Skyworks Solutions in the 4th quarter worth about $205,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SWKS shares. UBS Group decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Mizuho reduced their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus reduced their price objective on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.19.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $4.80 during midday trading on Tuesday, reaching $120.68. 3,387,423 shares of the company traded hands, compared to its average volume of 2,437,220. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The company has a fifty day moving average price of $99.46 and a 200 day moving average price of $102.36.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.25%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Insider Activity

In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Liam Griffin bought 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

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.