Duality Advisers LP Purchases Shares of 14,006 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Duality Advisers LP purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,006 shares of the semiconductor manufacturer’s stock, valued at approximately $1,517,000.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new stake in Skyworks Solutions in the first quarter valued at $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth about $31,000. ST Germain D J Co. Inc. lifted its stake in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 130 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 316 shares during the last quarter. Finally, Vestor Capital LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWKS. UBS Group cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities dropped their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus dropped their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.19.

Insider Buying and Selling

In related news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $3.56 during midday trading on Friday, hitting $113.51. 1,629,676 shares of the company traded hands, compared to its average volume of 2,410,022. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 5.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The firm’s fifty day moving average price is $98.58 and its 200-day moving average price is $102.52. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.40%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

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.