Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Position Raised by Prudential PLC

Prudential PLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 46.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,372 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,623 shares during the period. Prudential PLC’s holdings in Skyworks Solutions were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its holdings in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares in the last quarter. Vestor Capital LLC acquired a new stake in Skyworks Solutions during the 4th quarter worth about $43,000. West Branch Capital LLC grew its stake in Skyworks Solutions by 8,000.0% during the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 400 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after purchasing an additional 136 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Skyworks Solutions by 48.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 427 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 139 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost 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 $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, 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. 0.35% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $93.52 on Tuesday. The firm has a market capitalization of $15.01 billion, a PE ratio of 17.58, a PEG ratio of 4.26 and a beta of 1.24. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $96.88 and its 200 day simple moving average is $102.22.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.91%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWKS. TD Cowen lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Mizuho reduced their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Susquehanna restated a “neutral” rating and issued a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.25.

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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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