Victory Capital Management Inc. Has $29.81 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Victory Capital Management Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 90.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,785 shares of the semiconductor manufacturer's stock after selling 2,978,434 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Skyworks Solutions worth $29,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vulcan Value Partners LLC lifted its position in shares of Skyworks Solutions by 38.8% in the 2nd 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 during the last quarter. Pacer Advisors Inc. raised its stake in Skyworks Solutions by 54.9% during 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 period. Swedbank AB bought a new position in Skyworks Solutions in the first quarter worth about $110,086,000. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after acquiring an additional 745,374 shares during the period. Finally, Pzena Investment Management LLC grew its holdings 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 valued at $435,943,000 after purchasing an additional 661,144 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

SWKS stock traded down $0.31 during trading hours on Friday, hitting $83.69. 3,278,939 shares of the stock traded hands, compared to its average volume of 2,401,136. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $95.14 and a 200 day simple moving average of $100.16. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The company has a market cap of $13.37 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last 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 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. 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 3.35%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SWKS shares. Mizuho cut their price target on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday. B. Riley lowered their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Barclays reduced their target price on shares of Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research note on Wednesday. Finally, Bank of America raised their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $101.00.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 in the last three months. 0.34% of the stock is currently 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.