Amalgamated Bank Cuts Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Amalgamated Bank cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 42,499 shares of the semiconductor manufacturer’s stock after selling 626 shares during the quarter. Amalgamated Bank’s holdings in Skyworks Solutions were worth $5,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Laidlaw Wealth Management LLC grew its position in Skyworks Solutions by 5.0% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,651 shares of the semiconductor manufacturer’s stock worth $256,000 after acquiring an additional 78 shares in the last quarter. ARK Investment Management LLC lifted its stake in Skyworks Solutions by 6.9% in the first quarter. ARK Investment Management LLC now owns 1,344 shares of the semiconductor manufacturer’s stock worth $179,000 after purchasing an additional 87 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Skyworks Solutions by 2.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,602 shares of the semiconductor manufacturer’s stock worth $559,000 after purchasing an additional 91 shares during the last quarter. Shepherd Kaplan Krochuk LLC lifted its stake in Skyworks Solutions by 6.7% in the fourth quarter. Shepherd Kaplan Krochuk LLC now owns 1,524 shares of the semiconductor manufacturer’s stock worth $236,000 after purchasing an additional 96 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in Skyworks Solutions by 6.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 1,587 shares of the semiconductor manufacturer’s stock worth $211,000 after purchasing an additional 96 shares during the last quarter. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of Skyworks Solutions in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $120.00 price target for the company. UBS Group lowered their price target on shares of Skyworks Solutions from $133.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, September 8th. Exane BNP Paribas assumed coverage on shares of Skyworks Solutions in a research note on Tuesday, September 13th. They set an “outperform” rating for the company. Susquehanna Bancshares lowered their price objective on shares of Skyworks Solutions to $120.00 in a research note on Monday, July 25th. Finally, Mizuho lowered their price objective on shares of Skyworks Solutions from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $140.29.

Insider Activity at Skyworks Solutions

In related news, SVP Karilee A. Durham sold 5,858 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $112.26, for a total transaction of $657,619.08. Following the transaction, the senior vice president now owns 10,130 shares in the company, valued at $1,137,193.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

Skyworks Solutions Trading Down 0.0 %

NASDAQ:SWKS opened at $99.84 on Tuesday. The company’s 50 day moving average price is $104.66 and its 200-day moving average price is $109.67. Skyworks Solutions, Inc. has a 52 week low of $88.76 and a 52 week high of $175.44. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.88 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 9.95 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a dividend of $0.62 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. The ex-dividend date was Wednesday, August 24th. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. Skyworks Solutions’s dividend payout ratio is 31.51%.

About Skyworks Solutions

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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