PrairieView Partners LLC Trims Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

PrairieView Partners LLC lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. PrairieView Partners LLC’s holdings in Skyworks Solutions were worth $195,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas bought a new stake in shares of Skyworks Solutions in the 1st quarter valued at about $27,000. Access Investment Management LLC acquired a new stake in Skyworks Solutions in the 1st quarter worth approximately $31,000. ST Germain D J Co. Inc. raised its position in 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 raised its position in 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 purchased a new position in Skyworks Solutions during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert A. Schriesheim sold 25,433 shares of the company’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 value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Liam Griffin bought 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Trading Down 0.8 %

NASDAQ:SWKS traded down $0.87 on Thursday, reaching $109.95. 1,977,234 shares of the company’s stock were exchanged, compared to its average volume of 2,415,930. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 5.06 and a beta of 1.23. The business has a fifty day moving average of $98.17 and a 200-day moving average of $102.46. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.47%. Skyworks Solutions’s payout ratio is 51.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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 report on Wednesday, May 1st. Rosenblatt Securities cut their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Mizuho dropped their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.19.

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.