Quantbot Technologies LP Invests $2.41 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quantbot Technologies LP bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,199 shares of the semiconductor manufacturer’s stock, valued at approximately $2,405,000.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas acquired a new stake in shares of Skyworks Solutions during the first quarter worth $27,000. Access Investment Management LLC bought a new stake in Skyworks Solutions in the 1st quarter valued at about $31,000. ST Germain D J Co. Inc. boosted its holdings in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 130 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares during the last quarter. Finally, Vestor Capital LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $43,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 2.2 %

Shares of SWKS traded up $2.38 during trading hours on Friday, hitting $112.33. 2,820,723 shares of the stock were exchanged, compared to its average volume of 2,418,977. The firm has a market capitalization of $18.02 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 5.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The business has a 50-day moving average of $98.97 and a 200-day moving average of $102.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, research analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.42%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWKS shares. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Susquehanna reiterated a “neutral” rating and set a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Rosenblatt Securities dropped their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. UBS Group decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.19.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

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.