Investors Research Corp Purchases 213 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Investors Research Corp grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 167.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 340 shares of the semiconductor manufacturer’s stock after purchasing an additional 213 shares during the quarter. Investors Research Corp’s holdings in Skyworks Solutions were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SWKS. Forsta AP Fonden boosted its holdings in Skyworks Solutions by 27.0% in the 3rd 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 period. Versor Investments LP lifted its holdings in Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Skyworks Solutions by 73.3% during the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after buying an additional 6,795 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after buying an additional 325,672 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $797,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

SWKS has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. TD Cowen upped their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. B. Riley lowered their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Susquehanna cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup decreased 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 investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Trading Up 2.0 %

NASDAQ SWKS opened at $85.13 on Friday. The firm has a market capitalization of $13.61 billion, a PE ratio of 23.01, a P/E/G ratio of 1.84 and a beta of 1.21. The stock’s 50 day moving average is $93.83 and its 200 day moving average is $99.91. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a quick ratio of 2.19, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business 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. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction 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 owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

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.