Centiva Capital LP Acquires Shares of 37,216 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Centiva Capital LP bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 37,216 shares of the semiconductor manufacturer’s stock, valued at approximately $3,676,000.

Several other large investors have also made changes to their positions in SWKS. Janus Henderson Group PLC grew its stake in Skyworks Solutions by 1.9% during the first quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer’s stock worth $2,259,000 after buying an additional 394 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Skyworks Solutions by 14.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer’s stock worth $306,000 after acquiring an additional 383 shares in the last quarter. Comerica Bank grew its position in Skyworks Solutions by 2.9% during the 1st quarter. Comerica Bank now owns 34,105 shares of the semiconductor manufacturer’s stock worth $3,694,000 after acquiring an additional 946 shares during the last quarter. Cetera Investment Advisers increased its holdings in Skyworks Solutions by 472.5% during the 1st quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer’s stock valued at $4,667,000 after purchasing an additional 35,558 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in Skyworks Solutions by 29.0% in the 1st quarter. Cetera Advisors LLC now owns 10,462 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after purchasing an additional 2,349 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SWKS. Loop Capital assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Susquehanna decreased their price target 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, November 13th. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup reduced their price objective on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $87.59 on Monday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.01 billion, a P/E ratio of 23.67, a PEG ratio of 1.93 and a beta of 1.19. The business has a 50-day moving average of $92.44 and a 200-day moving average of $99.70. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.20%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the company’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 owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. Company insiders own 0.35% of the company’s stock.

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.