Holocene Advisors LP Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Holocene Advisors LP trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 45.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,747 shares of the semiconductor manufacturer's stock after selling 30,198 shares during the quarter. Holocene Advisors LP's holdings in Skyworks Solutions were worth $3,630,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SWKS. Cetera Investment Advisers increased its holdings in shares of Skyworks Solutions by 472.5% in the first quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer's stock worth $4,667,000 after purchasing an additional 35,558 shares during the last quarter. Cetera Advisors LLC grew its position in Skyworks Solutions by 29.0% in the 1st quarter. Cetera Advisors LLC now owns 10,462 shares of the semiconductor manufacturer's stock valued at $1,133,000 after acquiring an additional 2,349 shares during the last quarter. CWM LLC lifted its position in shares of Skyworks Solutions by 19.0% during the second quarter. CWM LLC now owns 6,820 shares of the semiconductor manufacturer's stock worth $727,000 after purchasing an additional 1,089 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Skyworks Solutions in the second quarter worth about $205,000. Finally, Symmetry Partners LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SWKS. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 price target for the company. Craig Hallum reduced their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Citigroup cut 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. Barclays cut their price target on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating on the stock in a report on Wednesday, November 13th. Finally, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $101.00.

Skyworks Solutions Price Performance

SWKS traded up $1.45 during trading on Friday, reaching $87.87. The company's stock had a trading volume of 3,203,765 shares, compared to its average volume of 2,386,038. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $91.57 and a two-hundred day simple moving average of $99.48. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.94 and a beta of 1.19. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly 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 firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.19%. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the business's stock in a transaction 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,841 shares of company stock valued at $3,034,265. 0.34% of the stock is currently owned by company insiders.

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.