Golden State Equity Partners Has $379,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Golden State Equity Partners lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 51.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,837 shares of the semiconductor manufacturer’s stock after selling 4,084 shares during the period. Golden State Equity Partners’ holdings in Skyworks Solutions were worth $379,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP bought a new stake in Skyworks Solutions during the first quarter worth approximately $1,517,000. Forsta AP Fonden boosted its position in Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after purchasing an additional 7,900 shares during the period. Brookstone Capital Management bought a new stake in Skyworks Solutions during the first quarter worth approximately $262,000. Advisors Asset Management Inc. boosted its position in Skyworks Solutions by 73.3% during the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after purchasing an additional 6,795 shares during the period. Finally, M&G Plc bought a new stake in Skyworks Solutions during the second quarter worth approximately $797,000. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent analyst reports. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. TD Cowen increased their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Barclays cut Skyworks Solutions from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $115.00 to $87.00 in a research report on Thursday, October 10th. Finally, Rosenblatt Securities increased their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.88.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The stock was 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 in the company, valued at $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,341 shares of company stock worth $2,142,110 over the last three months. 0.35% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $89.99 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The stock has a fifty day moving average price of $99.50 and a two-hundred day moving average price of $101.29. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The firm has a market capitalization of $14.37 billion, a P/E ratio of 18.55, a P/E/G ratio of 4.32 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same period in the prior year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

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.