Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,762 shares of the semiconductor manufacturer's stock after selling 12,021 shares during the period. Rockefeller Capital Management L.P.'s holdings in Skyworks Solutions were worth $1,310,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of Skyworks Solutions by 28.9% during the fourth quarter. Covestor Ltd now owns 2,189 shares of the semiconductor manufacturer's stock valued at $194,000 after purchasing an additional 491 shares during the last quarter. Argent Trust Co purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $243,000. Legacy Financial Advisors Inc. lifted its position in Skyworks Solutions by 2.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after purchasing an additional 156 shares during the period. Bessemer Group Inc. boosted its holdings in Skyworks Solutions by 1.7% in the fourth quarter. Bessemer Group Inc. now owns 43,952 shares of the semiconductor manufacturer's stock worth $3,897,000 after purchasing an additional 744 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Skyworks Solutions in the 4th quarter worth approximately $7,947,000. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWKS has been the topic of a number of research reports. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Rosenblatt Securities restated a "neutral" rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, Citigroup raised their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $82.39.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded up $2.84 during mid-day trading on Thursday, reaching $61.50. 3,312,493 shares of the company's stock traded hands, compared to its average volume of 2,843,299. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.79 and a beta of 1.21. The stock has a 50 day moving average of $63.47 and a two-hundred day moving average of $79.95. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. Skyworks Solutions's payout ratio is 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% 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.