Entropy Technologies LP Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Entropy Technologies LP lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 82.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,155 shares of the semiconductor manufacturer’s stock after selling 28,468 shares during the quarter. Entropy Technologies LP’s holdings in Skyworks Solutions were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in Skyworks Solutions during the second quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. Matrix Trust Co acquired a new position in Skyworks Solutions during the third quarter worth $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth $49,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.0 %

Shares of NASDAQ SWKS opened at $84.00 on Friday. The stock’s 50 day moving average price is $95.44 and its two-hundred day moving average price is $100.37. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock has a market capitalization of $13.42 billion, a P/E ratio of 22.70, a PEG ratio of 3.95 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 5.75 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 the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Analysts Set New Price Targets

Several research firms recently issued reports on SWKS. Robert W. Baird increased their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen upped their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Loop Capital began coverage on Skyworks Solutions in a research report on Monday. They set a “hold” rating and a $90.00 price objective for the company. Stifel Nicolaus raised their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $101.00.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Company 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.