Brooklyn Investment Group Takes $164,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Brooklyn Investment Group acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,660 shares of the semiconductor manufacturer’s stock, valued at approximately $164,000.

A number of other hedge funds also recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Blue Trust Inc. lifted its holdings in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in Skyworks Solutions during the 3rd quarter worth approximately $39,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated 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 directly owns 27,026 shares in the company, valued at $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. In the last quarter, insiders have sold 31,841 shares of company stock worth $3,034,265. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 0.6 %

NASDAQ SWKS opened at $86.80 on Thursday. The business’s 50-day moving average price is $93.09 and its two-hundred day moving average price is $99.89. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The firm has a market capitalization of $13.88 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The business’s revenue was down 15.9% on a year-over-year basis. On average, analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given 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 3.23%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SWKS. B. Riley dropped 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. Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Morgan Stanley dropped their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Citigroup dropped their price objective on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a report on Wednesday, November 13th. Finally, Bank of America lifted their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.00.

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.