Martingale Asset Management L P Sells 20,994 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Martingale Asset Management L P lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 51.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,150 shares of the semiconductor manufacturer's stock after selling 20,994 shares during the quarter. Martingale Asset Management L P's holdings in Skyworks Solutions were worth $1,990,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vulcan Value Partners LLC boosted its position 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 acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. raised its position in shares of Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after buying an additional 1,233,618 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock worth $71,708,000 after acquiring an additional 713,636 shares during the period. Pzena Investment Management LLC boosted its holdings 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 valued at $435,943,000 after acquiring an additional 661,144 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Skyworks Solutions by 56.7% during the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock valued at $169,769,000 after acquiring an additional 576,576 shares during the period. Institutional investors own 85.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWKS. Citigroup cut their target price on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating for the company in a research report on Wednesday, November 13th. Barclays cut their price objective on Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Craig Hallum cut their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Finally, Mizuho reduced their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. Three equities 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. Based on data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and an average target price of $101.00.

Insider Activity at Skyworks Solutions

In other 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 sale, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the business's 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 of the company's stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 over the last ninety days. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Up 0.9 %

NASDAQ SWKS traded up $0.79 during trading on Friday, reaching $87.59. 1,941,077 shares of the company's stock were exchanged, compared to its average volume of 2,497,163. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The firm has a market capitalization of $14.01 billion, a PE ratio of 23.67, a P/E/G ratio of 1.93 and a beta of 1.21. The company's fifty day simple moving average is $92.44 and its 200-day simple moving average is $99.70. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $1.95 EPS. Skyworks Solutions's revenue was down 15.9% compared to the same quarter last year. Sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.20%. Skyworks Solutions's dividend payout ratio 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.