Swedbank AB Sells 5,609 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Swedbank AB lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,087,271 shares of the semiconductor manufacturer's stock after selling 5,609 shares during the period. Swedbank AB owned about 0.68% of Skyworks Solutions worth $96,419,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWKS. Forsta AP Fonden lifted its position in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after purchasing an additional 7,900 shares in the last quarter. Versor Investments LP grew its holdings in shares of Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after acquiring an additional 10,658 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after acquiring an additional 325,672 shares in the last quarter. Captrust Financial Advisors grew its stake in Skyworks Solutions by 20.2% in the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Barclays PLC increased its position in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after purchasing an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS stock traded up $0.23 during trading on Thursday, hitting $90.39. The company had a trading volume of 420,263 shares, compared to its average volume of 2,320,806. The company has a fifty day moving average price of $89.69 and a two-hundred day moving average price of $96.76. 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 market cap of $14.46 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.03 and a beta of 1.15. 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 posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion for 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 quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. Equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Skyworks Solutions's dividend payout ratio is 75.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. B. Riley decreased their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Craig Hallum decreased their price target on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Barclays reduced their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Finally, Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $101.12.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.