Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,727 shares of the semiconductor manufacturer's stock after selling 26,480 shares during the quarter. National Bank of Canada FI owned 0.05% of Skyworks Solutions worth $8,072,000 at the end of the most recent reporting period.

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

Skyworks Solutions Stock Performance

SWKS stock traded up $0.23 on Thursday, hitting $89.64. The company's stock had a trading volume of 1,621,026 shares, compared to its average volume of 2,377,585. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm has a 50 day moving average of $90.85 and a two-hundred day moving average of $99.41. The company has a current ratio of 5.54, a quick ratio of 4.24 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 announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The business's revenue was down 15.9% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced 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 is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.12%. Skyworks Solutions's dividend payout ratio (DPR) is currently 75.68%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SWKS. Piper Sandler cut their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley reduced their price target on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their price objective on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research report on Wednesday, November 13th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Loop Capital assumed coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a "hold" rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus target price of $101.00.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 15,960 shares of the company's stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares of the company's stock, valued at approximately $3,793,589.91. This trade represents a 20.03 % decrease in their position. 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. Company insiders own 0.34% of the company's stock.

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.