Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,439 shares of the semiconductor manufacturer's stock after selling 5,593 shares during the quarter. PNC Financial Services Group Inc. owned about 0.05% of Skyworks Solutions worth $7,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWKS. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $29,000. Investors Research Corp boosted its position in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Down 5.3 %

NASDAQ SWKS opened at $68.23 on Wednesday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a market cap of $10.97 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.79 and a beta of 1.18. The business has a fifty day moving average price of $79.15 and a 200 day moving average price of $88.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Analyst Ratings Changes

SWKS has been the topic of several recent research reports. Craig Hallum lowered their price objective on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their price objective on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.78.

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 stock was acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.35% of the company's stock.

Skyworks Solutions Company 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.

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