Ontario Teachers Pension Plan Board Sells 1,204 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Ontario Teachers Pension Plan Board decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,526 shares of the semiconductor manufacturer’s stock after selling 1,204 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Skyworks Solutions were worth $2,007,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. HB Wealth Management LLC grew its stake in shares of Skyworks Solutions by 3.0% in the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after buying an additional 94 shares in the last quarter. Safeguard Investment Advisory Group LLC boosted its position in Skyworks Solutions by 0.6% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 99 shares during the period. Albert D Mason Inc. boosted its position in Skyworks Solutions by 0.7% during the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after purchasing an additional 99 shares during the period. John G Ullman & Associates Inc. boosted its position in Skyworks Solutions by 3.1% during the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares during the period. Finally, Lcnb Corp boosted its position in Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded down $0.82 during trading hours on Tuesday, reaching $117.59. The stock had a trading volume of 33,053 shares, compared to its average volume of 2,443,796. The business’s fifty day moving average is $101.92 and its two-hundred day moving average is $102.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 5.44 and a beta of 1.23. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86.

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

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid 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 2.31%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Susquehanna upped their target price on Skyworks Solutions from $90.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Mizuho decreased their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Piper Sandler decreased their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Finally, KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $107.14.

Insiders Place Their Bets

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the sale, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Liam Griffin bought 11,142 shares of the firm’s 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 acquisition, the chief executive officer now directly 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 sold 26,337 shares of company stock worth $2,399,797 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions 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.