Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,314 shares of the semiconductor manufacturer's stock after selling 20,126 shares during the period. Glenmede Trust Co. NA owned 0.14% of Skyworks Solutions worth $22,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vulcan Value Partners LLC grew its holdings in Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock valued at $481,552,000 after buying an additional 1,262,964 shares in the last quarter. Pacer Advisors Inc. increased its position in Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after purchasing an additional 1,233,618 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock worth $71,708,000 after purchasing an additional 713,636 shares during the period. Pzena Investment Management LLC boosted its holdings in Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock valued at $435,943,000 after purchasing an additional 661,144 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Skyworks Solutions by 56.7% in the 2nd quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock valued at $169,769,000 after buying an additional 576,576 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SWKS. TD Cowen upped their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Rosenblatt Securities increased their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Susquehanna lowered their target price on shares of 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, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three investment 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $101.00.

Skyworks Solutions Stock Up 0.6 %

Shares of Skyworks Solutions stock traded up $0.52 on Thursday, reaching $86.80. 1,836,575 shares of the company were exchanged, compared to its average volume of 2,810,753. The stock's 50 day moving average price is $92.90 and its 200-day moving average price is $99.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a market cap of $13.88 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The firm's revenue was down 15.9% on a year-over-year basis. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is presently 75.68%.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the firm'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 sale, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert John Terry sold 10,522 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 in the last ninety days. Insiders own 0.34% of the company's stock.

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.