GSA Capital Partners LLP Makes New $380,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

GSA Capital Partners LLP acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,850 shares of the semiconductor manufacturer’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth about $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions during the second quarter worth about $27,000. Blue Trust Inc. increased its holdings in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Matrix Trust Co bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in Skyworks Solutions during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $85.13 on Friday. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The stock 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 has a 50-day simple moving average of $93.83 and a 200 day simple moving average of $99.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.19 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business earned $1.95 earnings per share. Research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on SWKS shares. Morgan Stanley cut their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. B. Riley cut their price objective on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays cut their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Mizuho cut their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, Craig Hallum dropped their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $101.00.

Skyworks Solutions Company 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.