Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Position Cut by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,318 shares of the semiconductor manufacturer's stock after selling 21,988 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Skyworks Solutions worth $15,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions during the second quarter worth about $27,000. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $27,000. Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 213 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Mizuho cut their target price on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Craig Hallum cut their price objective on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Citigroup reduced their price objective on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Loop Capital started coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a "hold" rating and a $90.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $101.00.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, 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 transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,520 shares of company stock worth $2,083,803 over the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Up 0.6 %

NASDAQ:SWKS traded up $0.49 during mid-day trading on Friday, hitting $88.75. The stock had a trading volume of 6,259,295 shares, compared to its average volume of 2,405,372. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The stock has a 50-day simple moving average of $89.87 and a two-hundred day simple moving average of $99.28. 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 company has a market capitalization of $14.19 billion, a PE ratio of 23.99, a PEG ratio of 2.01 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The business 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 business's quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the company earned $1.95 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's payout ratio is currently 75.68%.

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.