Swedbank AB Has $107.94 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Swedbank AB lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092,880 shares of the semiconductor manufacturer's stock after selling 500,000 shares during the period. Swedbank AB owned approximately 0.68% of Skyworks Solutions worth $107,944,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Skyworks Solutions by 23.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer's stock valued at $396,000 after acquiring an additional 689 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Skyworks Solutions by 73.3% in the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer's stock worth $1,740,000 after buying an additional 6,795 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Skyworks Solutions by 1.9% in the first quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer's stock valued at $2,259,000 after buying an additional 394 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Skyworks Solutions in the first quarter valued at $930,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Skyworks Solutions by 14.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer's stock valued at $306,000 after buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a "hold" rating and a $90.00 target price for the company. B. Riley dropped their price target on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. TD Cowen increased their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler lowered their target price on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" 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 assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $101.00.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $2.52 on Monday, reaching $87.93. 2,959,449 shares of the stock traded hands, compared to its average volume of 2,390,048. The stock's 50-day moving average price is $93.30 and its 200-day moving average price is $99.93. 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 has a market cap of $14.06 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.88 and a beta of 1.21. 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 announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The business's revenue for the quarter was down 15.9% on a year-over-year basis. Equities analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's payout ratio is 75.68%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. Corporate insiders own 0.34% of the company's stock.

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.