Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,812 shares of the semiconductor manufacturer’s stock after selling 327 shares during the quarter. Parallel Advisors LLC’s holdings in Skyworks Solutions were worth $204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after purchasing an additional 53,389 shares during the period. Invesco Ltd. raised its position in shares of Skyworks Solutions by 11.8% during the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $302,309,000. Northern Trust Corp raised its position in shares of Skyworks Solutions by 8.3% during the 3rd quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock worth $206,165,000 after purchasing an additional 160,178 shares during the period. Finally, Norges Bank acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $226,266,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research reports. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Citigroup dropped their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. Susquehanna restated a “neutral” rating and issued a $90.00 target price (down from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Finally, UBS Group lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $106.25.

View Our Latest Analysis on SWKS

Skyworks Solutions Stock Performance

SWKS opened at $91.39 on Tuesday. The firm has a market cap of $14.66 billion, a PE ratio of 17.18, a P/E/G 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. The business has a fifty day simple moving average of $98.15 and a 200-day simple moving average of $102.30. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed 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 is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Transactions at Skyworks Solutions

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

About Skyworks Solutions

(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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