Quantbot Technologies LP Buys 51,878 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quantbot Technologies LP boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 245.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,019 shares of the semiconductor manufacturer’s stock after acquiring an additional 51,878 shares during the period. Quantbot Technologies LP’s holdings in Skyworks Solutions were worth $6,475,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Resources Management Corp CT ADV raised its position in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after purchasing an additional 142 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after acquiring an additional 143 shares in the last quarter. Savant Capital LLC lifted its position in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after acquiring an additional 144 shares in the last quarter. Private Trust Co. NA grew its position in shares of Skyworks Solutions by 18.4% during the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock worth $93,000 after purchasing an additional 146 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock valued at $213,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.7 %

SWKS opened at $67.25 on Friday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $75.68 and its two-hundred day moving average is $86.73. The company has a market capitalization of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.16%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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.