Dorsey & Whitney Trust CO LLC Sells 276 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dorsey & Whitney Trust CO LLC trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,937 shares of the semiconductor manufacturer’s stock after selling 276 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Skyworks Solutions were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWKS. AXQ Capital LP purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $789,000. Highland Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 91.4% in the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after buying an additional 20,330 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Skyworks Solutions during the fourth quarter worth $10,053,000. International Assets Investment Management LLC grew its stake in Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after acquiring an additional 83,706 shares in the last quarter. Finally, abrdn plc grew its stake in Skyworks Solutions by 50.0% during the fourth quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer’s stock valued at $10,121,000 after acquiring an additional 30,022 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS opened at $91.39 on Tuesday. The business has a fifty day moving average of $98.15 and a 200 day moving average of $102.30. The stock has a market cap of $14.66 billion, a P/E ratio of 17.18, a PEG ratio of 4.34 and a beta of 1.24. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.22 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Analyst Ratings Changes

SWKS has been the subject of several research reports. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Stifel Nicolaus dropped their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. UBS Group cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Piper Sandler decreased their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Rosenblatt Securities lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.25.

Check Out Our Latest Analysis on Skyworks Solutions

Insider Activity at Skyworks Solutions

In other news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Company Profile

(Free Report)

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.

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

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