KBC Group NV decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 48.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 583,399 shares of the semiconductor manufacturer's stock after selling 539,681 shares during the period. KBC Group NV owned 0.37% of Skyworks Solutions worth $57,623,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden lifted its position in shares of Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after purchasing an additional 7,900 shares during the period. Versor Investments LP lifted its holdings in Skyworks Solutions by 115.3% during the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after buying an additional 10,658 shares during the period. Advisors Asset Management Inc. boosted its position in Skyworks Solutions by 73.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer's stock valued at $1,740,000 after acquiring an additional 6,795 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after acquiring an additional 325,672 shares during the period. Finally, M&G Plc bought a new position in shares of Skyworks Solutions in the 2nd quarter worth $797,000. Institutional investors own 85.43% of the company's stock.
Skyworks Solutions Stock Performance
NASDAQ SWKS traded down $0.31 on Friday, hitting $83.69. 3,278,401 shares of the company's stock traded hands, compared to its average volume of 2,382,870. The firm's 50-day moving average price is $95.44 and its two-hundred day moving average price is $100.37. The firm has a market capitalization of $13.37 billion, a PE ratio of 22.70, a P/E/G ratio of 3.77 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. 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 issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (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 firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company posted $1.95 earnings per share. The firm's revenue was down 15.9% compared to the same quarter last year. As a group, analysts expect that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.
Skyworks Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is presently 75.68%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday. Piper Sandler lowered their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday. Citigroup reduced their price objective on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, B. Riley cut their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $101.00.
Check Out Our Latest Stock Report on Skyworks Solutions
Insider Buying and Selling at Skyworks Solutions
In other news, SVP Robert John Terry sold 10,522 shares of the company's 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 of the company's stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. 0.34% of the stock is owned by company insiders.
Skyworks Solutions Profile
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Free Report)
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.
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