Erste Asset Management GmbH Purchases Shares of 278 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Erste Asset Management GmbH bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 278 shares of the semiconductor manufacturer’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWKS. Cetera Investment Advisers boosted its holdings in shares of Skyworks Solutions by 472.5% in the 1st quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer’s stock valued at $4,667,000 after acquiring an additional 35,558 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Skyworks Solutions by 29.0% during the 1st quarter. Cetera Advisors LLC now owns 10,462 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after buying an additional 2,349 shares during the last quarter. CWM LLC lifted its holdings in shares of Skyworks Solutions by 19.0% in the 2nd quarter. CWM LLC now owns 6,820 shares of the semiconductor manufacturer’s stock valued at $727,000 after buying an additional 1,089 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $205,000. Finally, Symmetry Partners LLC purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $216,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.5 %

Shares of NASDAQ:SWKS opened at $86.42 on Friday. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock has a market cap of $13.82 billion, a P/E ratio of 23.72, a PEG ratio of 1.93 and a beta of 1.19. The business has a fifty day moving average of $91.84 and a two-hundred day moving average of $99.57. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. On average, research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.24%. Skyworks Solutions’s payout ratio is 75.68%.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred 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 approximately $3,793,589.91. The trade was a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 over the last quarter. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Mizuho lowered their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Citigroup cut their price objective on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Barclays cut their price target on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.00.

About Skyworks Solutions

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.