Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Swedbank AB

Swedbank AB reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,092,880 shares of the semiconductor manufacturer’s stock after selling 500,000 shares during the period. Swedbank AB owned 0.68% of Skyworks Solutions worth $107,944,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SWKS. Rothschild Investment LLC acquired a new position in Skyworks Solutions during the second quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $27,000. Blue Trust Inc. grew its holdings in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Investors Research Corp grew its holdings in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Finally, Matrix Trust Co acquired a new stake in Skyworks Solutions during the third quarter worth about $39,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Bank of America increased their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Robert W. Baird raised 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. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays reduced their price objective on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.00.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,841 shares of company stock valued at $3,034,265. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $85.41 on Monday. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The stock has a market capitalization of $13.66 billion, a PE ratio of 23.08, a PEG ratio of 1.88 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a 50-day simple moving average of $93.49 and a 200-day simple moving average of $99.96.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.95 EPS. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.28%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

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.