Quadrant Capital Group LLC Has $116,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Quadrant Capital Group LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,028 shares of the semiconductor manufacturer’s stock after selling 257 shares during the period. Quadrant Capital Group LLC’s holdings in Skyworks Solutions were worth $116,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SWKS. Global Wealth Management Investment Advisory Inc. raised its position in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Skyworks Solutions during the 3rd quarter worth $34,000. AdvisorNet Financial Inc boosted its stake in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares in the last quarter. Vestor Capital LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $43,000. Finally, West Branch Capital LLC raised its stake in Skyworks Solutions by 8,000.0% during the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 400 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Benchmark downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.25.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $91.21 on Friday. The company has a fifty day simple moving average of $100.00 and a 200 day simple moving average of $102.08. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.63 billion, a P/E ratio of 17.14, a PEG ratio of 4.38 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.98%. Skyworks Solutions’s payout ratio is 51.13%.

Insider Activity

In other news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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.