Park Avenue Securities LLC cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,227 shares of the semiconductor manufacturer’s stock after selling 468 shares during the quarter. Park Avenue Securities LLC’s holdings in Skyworks Solutions were worth $464,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SWKS. Charles Schwab Investment Management Inc. grew its position in shares of Skyworks Solutions by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after purchasing an additional 176,070 shares in the last quarter. Vulcan Value Partners LLC grew its stake in shares of Skyworks Solutions by 38.8% in the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after acquiring an additional 1,262,964 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Skyworks Solutions by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after acquiring an additional 28,009 shares in the last quarter. FMR LLC grew its position in shares of Skyworks Solutions by 7.3% during the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after buying an additional 182,130 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Skyworks Solutions
In related news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.
Skyworks Solutions Stock Up 0.6 %
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. Equities analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Craig Hallum reduced their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Citigroup increased their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $101.12.
Read Our Latest Stock Report on SWKS
Skyworks Solutions Profile
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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