4,300 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Acquired by AM Squared Ltd

AM Squared Ltd bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,300 shares of the semiconductor manufacturer’s stock, valued at approximately $425,000. Skyworks Solutions accounts for approximately 0.9% of AM Squared Ltd’s holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC bought a new position in Skyworks Solutions in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at about $27,000. Blue Trust Inc. lifted its position in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Matrix Trust Co bought a new stake in Skyworks Solutions during the 3rd quarter worth about $39,000. Finally, Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions in the 3rd quarter valued at about $40,000. Institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock valued at $3,034,265 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SWKS has been the topic of several research analyst reports. Bank of America increased their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Susquehanna decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Piper Sandler reduced their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley dropped their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday. Three investment 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.com, the stock currently has an average rating of “Hold” and an average price target of $101.00.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $83.69 on Friday. The stock’s fifty day simple moving average is $95.14 and its 200 day simple moving average is $100.16. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a market capitalization of $13.37 billion, a PE ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.95 EPS. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, research analysts predict that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is 75.68%.

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.