Penserra Capital Management LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,579 shares of the semiconductor manufacturer’s stock after selling 51,752 shares during the quarter. Penserra Capital Management LLC’s holdings in Skyworks Solutions were worth $18,547,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Aspire Private Capital LLC purchased a new stake in Skyworks Solutions during the 1st quarter valued at about $13,095,780,000. Financial Gravity Asset Management Inc. bought a new position in Skyworks Solutions during the 2nd quarter valued at approximately $45,000. SouthState Corp bought a new position in Skyworks Solutions during the 1st quarter valued at approximately $26,000. True Wealth Design LLC bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $26,000. Finally, Fortis Capital Advisors LLC bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $27,000. 81.39% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Summit Insights lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Thursday. Rosenblatt Securities dropped their price target on Skyworks Solutions from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, B. Riley boosted their target price on Skyworks Solutions from $93.00 to $102.00 in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.88.
Insider Buying and Selling
In related news, SVP Reza Kasnavi sold 5,289 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.04, for a total transaction of $497,377.56. Following the completion of the transaction, the senior vice president now owns 19,078 shares in the company, valued at approximately $1,794,095.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Robert John Terry sold 3,156 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $88.18, for a total transaction of $278,296.08. Following the completion of the transaction, the senior vice president now owns 11,487 shares in the company, valued at $1,012,923.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Reza Kasnavi sold 5,289 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $94.04, for a total transaction of $497,377.56. Following the completion of the sale, the senior vice president now directly owns 19,078 shares of the company’s stock, valued at $1,794,095.12. The disclosure for this sale can be found here. Insiders sold a total of 65,988 shares of company stock worth $6,615,678 in the last 90 days. Insiders own 0.34% of the company’s stock.
Skyworks Solutions Price Performance
Shares of SWKS traded down $1.11 during mid-day trading on Tuesday, hitting $93.63. 154,442 shares of the company were exchanged, compared to its average volume of 1,769,336. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $123.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.52 and a current ratio of 2.59. The company has a 50 day moving average of $93.97 and a 200-day moving average of $102.29. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.91%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 44.37%.
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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
- Five stocks we like better than Skyworks Solutions
- Insider Buying Explained: What Investors Need to Know
- Zoom Video Communications: A tech phoenix ready to rise
- Upcoming IPO Stock Lockup Period, Explained
- The only two airline stocks worth buying: One is a Goldman pick
- What is the Dogs of the Dow Strategy? Overview and Examples
- Ride the momentum: Apparel stocks soaring at 52-week highs
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.