Swedbank AB Sells 5,609 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Swedbank AB decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,087,271 shares of the semiconductor manufacturer’s stock after selling 5,609 shares during the quarter. Swedbank AB owned 0.68% of Skyworks Solutions worth $96,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SWKS. Public Sector Pension Investment Board increased its holdings in Skyworks Solutions by 78.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 6,148 shares of the semiconductor manufacturer’s stock worth $655,000 after purchasing an additional 2,694 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Skyworks Solutions by 43.7% in the second quarter. The Manufacturers Life Insurance Company now owns 146,968 shares of the semiconductor manufacturer’s stock valued at $15,664,000 after buying an additional 44,662 shares during the period. Cetera Investment Advisers raised its holdings in Skyworks Solutions by 13.5% in the 2nd quarter. Cetera Investment Advisers now owns 48,911 shares of the semiconductor manufacturer’s stock valued at $5,213,000 after buying an additional 5,827 shares during the last quarter. Clearbridge Investments LLC boosted its position in Skyworks Solutions by 3.3% during the 2nd quarter. Clearbridge Investments LLC now owns 368,858 shares of the semiconductor manufacturer’s stock worth $39,313,000 after buying an additional 11,691 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $1,122,000. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SWKS shares. Mizuho cut their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Craig Hallum cut their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Susquehanna cut their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.12.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $90.16 on Thursday. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The firm’s 50-day simple moving average is $89.69 and its 200 day simple moving average is $96.76.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.11%. Skyworks Solutions’s payout ratio is presently 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

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.