Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,861 shares of the semiconductor manufacturer’s stock after selling 361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Skyworks Solutions were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SWKS. Lindbrook Capital LLC boosted its position in Skyworks Solutions by 72.6% during the 2nd quarter. Lindbrook Capital LLC now owns 309 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 130 shares during the period. Oakworth Capital Inc. acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $36,000. CoreCap Advisors LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $38,000. Trust Co. of Vermont acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $45,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Skyworks Solutions by 360.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $49,000 after buying an additional 450 shares during the last quarter. 75.37% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

SWKS opened at $103.06 on Friday. The stock has a market cap of $16.51 billion, a PE ratio of 13.21, a P/E/G ratio of 0.80 and a beta of 1.20. The company has a current ratio of 2.63, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. Skyworks Solutions, Inc. has a 1 year low of $76.16 and a 1 year high of $148.74. The stock’s 50 day simple moving average is $94.37 and its 200-day simple moving average is $96.21.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $2.79 EPS for the quarter, beating the consensus estimate of $2.62 by $0.17. The business had revenue of $1.41 billion for 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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 8.66 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date was Monday, November 21st. Skyworks Solutions’s dividend payout ratio is 31.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SWKS shares. Needham & Company LLC reduced their price target on Skyworks Solutions from $125.00 to $110.00 in a report on Tuesday, October 25th. Summit Insights upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Craig Hallum reduced their price target on Skyworks Solutions from $160.00 to $120.00 in a report on Friday, November 4th. B. Riley reduced their price target on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Finally, Piper Sandler reduced their target price on Skyworks Solutions from $145.00 to $110.00 in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.45.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 3,500 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 11,187 shares of the company’s stock, valued at $1,125,412.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by insiders.

About Skyworks Solutions

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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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