Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Reduced by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,359,960 shares of the semiconductor manufacturer's stock after selling 118,812 shares during the period. Pacer Advisors Inc. owned approximately 2.10% of Skyworks Solutions worth $331,863,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vulcan Value Partners LLC increased its stake in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after buying an additional 1,262,964 shares during the period. Swedbank AB purchased a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $110,086,000. Mizuho Securities USA LLC grew its position in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock worth $71,708,000 after buying an additional 713,636 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock worth $435,943,000 after buying an additional 661,144 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Skyworks Solutions by 46.9% in the second quarter. AQR Capital Management LLC now owns 1,641,047 shares of the semiconductor manufacturer's stock valued at $174,886,000 after acquiring an additional 523,773 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were 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 trade represents a 39.73 % decrease in their position. 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 Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value 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 $2,638,548.38. This trade represents a 27.36 % 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. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SWKS shares. B. Riley lowered their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a "hold" rating and a $90.00 target price for the company. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Citigroup dropped their target price on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group upgraded shares of Skyworks Solutions to a "hold" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $101.00.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $1.69 during mid-day trading on Thursday, reaching $85.13. 1,014,604 shares of the company traded hands, compared to its average volume of 2,390,562. The firm's fifty day moving average is $93.83 and its two-hundred day moving average is $99.91. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 2.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during 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 revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal 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 dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.29%. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

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.