NFJ Investment Group LLC Trims Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

NFJ Investment Group LLC lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 11.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,061 shares of the semiconductor manufacturer's stock after selling 8,128 shares during the quarter. NFJ Investment Group LLC's holdings in Skyworks Solutions were worth $6,426,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in shares of Skyworks Solutions by 79.7% in the 2nd 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 period. Finally, Investors Research Corp increased its holdings in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Trading Down 0.2 %

NASDAQ:SWKS traded down $0.17 on Wednesday, reaching $87.45. The stock had a trading volume of 987,008 shares, compared to its average volume of 2,375,880. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm's fifty day moving average is $92.03 and its two-hundred day moving average is $99.65. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The company 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 firm's quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders 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 3.20%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Insider Activity

In related news, SVP Carlos S. Bori sold 10,177 shares of the 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 owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the 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 sale, the senior vice president now directly owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWKS shares. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Mizuho cut their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 target price on the stock. Finally, Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and a consensus price target of $101.00.

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.