Freedom Investment Management Inc. Has $933,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Freedom Investment Management Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,450 shares of the semiconductor manufacturer’s stock after selling 1,388 shares during the period. Freedom Investment Management Inc.’s holdings in Skyworks Solutions were worth $933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in Skyworks Solutions during the second quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Investors Research Corp increased its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $39,000. 85.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $86.80 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $92.90 and its two-hundred day simple moving average is $99.80. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The stock has a market capitalization of $13.88 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.71% and a net margin of 14.27%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 EPS. As a group, analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Skyworks Solutions’s payout ratio is presently 75.68%.

Analysts Set New Price Targets

Several analysts recently weighed in on SWKS shares. Susquehanna reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum lowered their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Mizuho cut their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, B. Riley lowered their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.00.

About Skyworks Solutions

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.