Bank of Montreal Can Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank of Montreal Can lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 170,564 shares of the semiconductor manufacturer's stock after selling 13,729 shares during the period. Bank of Montreal Can owned approximately 0.11% of Skyworks Solutions worth $16,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SWKS. Sequoia Financial Advisors LLC raised its holdings in shares of Skyworks Solutions by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock worth $239,000 after buying an additional 87 shares during the period. AlphaMark Advisors LLC increased its stake in Skyworks Solutions by 14.8% in the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer's stock worth $83,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Skyworks Solutions by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer's stock worth $1,468,000 after purchasing an additional 100 shares during the last quarter. Zega Financial LLC boosted its stake in shares of Skyworks Solutions by 5.0% during the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer's stock valued at $224,000 after purchasing an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its stake in Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer's stock worth $1,569,000 after buying an additional 107 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company's stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 over the last 90 days. Insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.79 during mid-day trading on Friday, hitting $87.59. The stock had a trading volume of 1,941,077 shares, compared to its average volume of 2,497,163. The firm has a market cap of $14.01 billion, a PE ratio of 23.67, a PEG ratio of 1.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The company has a 50 day moving average of $92.44 and a two-hundred day moving average of $99.70. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The company's revenue was down 15.9% on a year-over-year basis. Research analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.20%. Skyworks Solutions's payout ratio is currently 75.68%.

Analyst Ratings Changes

A number of equities analysts have commented on SWKS shares. Piper Sandler dropped their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Susquehanna decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Citigroup dropped their price target on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently 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.