Connor Clark & Lunn Investment Management Ltd. Invests $3.86 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,096 shares of the semiconductor manufacturer’s stock, valued at approximately $3,862,000.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SWKS. Robert W. Baird upped their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Craig Hallum cut their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Rosenblatt Securities increased their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Trading Up 0.4 %

SWKS opened at $85.41 on Friday. The stock has a market capitalization of $13.66 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.88 and a beta of 1.21. The company has a current ratio of 5.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The firm’s fifty day simple moving average is $93.49 and its 200 day simple moving average is $99.91.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.28%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 over the last 90 days. 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.