AE Wealth Management LLC Lowers Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

AE Wealth Management LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,427 shares of the semiconductor manufacturer’s stock after selling 202 shares during the quarter. AE Wealth Management LLC’s holdings in Skyworks Solutions were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. Woodline Partners LP bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth $88,532,000. London Co. of Virginia raised its stake in shares of Skyworks Solutions by 57.7% during the 2nd quarter. London Co. of Virginia now owns 1,788,067 shares of the semiconductor manufacturer’s stock worth $165,647,000 after purchasing an additional 654,164 shares during the period. Bank of Nova Scotia raised its stake in shares of Skyworks Solutions by 691.1% during the 2nd quarter. Bank of Nova Scotia now owns 355,595 shares of the semiconductor manufacturer’s stock worth $32,943,000 after purchasing an additional 310,646 shares during the period. Bank of Montreal Can raised its stake in shares of Skyworks Solutions by 62.4% during the 2nd quarter. Bank of Montreal Can now owns 554,383 shares of the semiconductor manufacturer’s stock worth $55,982,000 after purchasing an additional 212,934 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Skyworks Solutions by 7.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,880,928 shares of the semiconductor manufacturer’s stock valued at $383,969,000 after acquiring an additional 209,777 shares during the period. 75.37% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 0.4 %

Shares of SWKS opened at $101.61 on Tuesday. The firm has a market cap of $16.27 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.79 and a beta of 1.20. The stock has a 50 day simple moving average of $93.50 and a two-hundred day simple moving average of $95.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.63 and a quick ratio of 1.64. Skyworks Solutions, Inc. has a 1 year low of $76.16 and a 1 year high of $155.77.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.17. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Skyworks Solutions had a return on equity of 31.00% and a net margin of 23.25%. On average, analysts forecast that Skyworks Solutions, Inc. will post 8.58 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Tuesday, November 22nd were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.44%. The ex-dividend date was Monday, November 21st. Skyworks Solutions’s dividend payout ratio is currently 31.79%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.60, for a total value of $352,100.00. Following the completion of the sale, the senior vice president now owns 11,187 shares in the company, valued at $1,125,412.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SWKS. Wells Fargo & Company lowered their price objective on Skyworks Solutions from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, November 4th. Bank of America lowered their price objective on Skyworks Solutions from $125.00 to $90.00 and set an “underperform” rating on the stock in a research note on Friday, November 4th. Craig Hallum lowered their price objective on Skyworks Solutions from $160.00 to $120.00 in a research note on Friday, November 4th. Cowen lowered their price objective on Skyworks Solutions from $125.00 to $120.00 in a research note on Friday, November 4th. Finally, BMO Capital Markets reduced their target price on Skyworks Solutions from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.45.

About Skyworks Solutions

(Get Rating)

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, clocks and timings, 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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