UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 56,519 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,055,102 shares of the semiconductor manufacturer's stock after selling 56,519 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of Skyworks Solutions worth $104,212,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Skyworks Solutions by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer's stock worth $477,173,000 after acquiring an additional 176,070 shares during the period. Vulcan Value Partners LLC grew its position in shares of Skyworks Solutions by 38.8% during the second 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 in the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 19.3% during 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 period. Pacer Advisors Inc. lifted its stake in Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after acquiring an additional 1,233,618 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock valued at $265,853,000 after purchasing an additional 182,130 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Insiders Place Their Bets

In related news, SVP Carlos S. Bori sold 9,321 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company's stock, valued at $3,793,589.91. The trade was a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 in the last three months. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWKS. 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. B. Riley cut their price target on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Barclays dropped their price objective on shares of Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Finally, Piper Sandler lowered their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $101.00.

Skyworks Solutions Trading Up 1.0 %

SWKS traded up $0.90 during midday trading on Monday, hitting $88.49. The company's stock had a trading volume of 2,140,417 shares, compared to its average volume of 2,382,410. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.15 billion, a P/E ratio of 23.67, a PEG ratio of 1.93 and a beta of 1.19. The firm has a 50-day moving average price of $92.44 and a two-hundred day moving average price of $99.74. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm 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%. Skyworks Solutions's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.16%. Skyworks Solutions's payout ratio is currently 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.