Allianz Asset Management GmbH trimmed its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 248,173 shares of the semiconductor manufacturer’s stock after selling 16,918 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.14% of Skyworks Solutions worth $22,512,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SWKS. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $3,486,000. Centaurus Financial Inc. bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $147,000. Dearborn Partners LLC boosted its position in shares of Skyworks Solutions by 67.2% in the 3rd quarter. Dearborn Partners LLC now owns 3,463 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 1,392 shares in the last quarter. Midas Management Corp boosted its position in shares of Skyworks Solutions by 16.7% in the 3rd quarter. Midas Management Corp now owns 31,500 shares of the semiconductor manufacturer’s stock worth $2,857,000 after purchasing an additional 4,500 shares in the last quarter. Finally, grace capital bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $435,000. 80.68% of the stock is currently owned by institutional investors and hedge funds.
SWKS has been the topic of a number of analyst reports. BidaskClub cut Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. ValuEngine cut Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Morgan Stanley dropped their price target on Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 3rd. Finally, Barclays dropped their price target on Skyworks Solutions from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $104.84.
Shares of NASDAQ SWKS opened at $70.76 on Thursday. Skyworks Solutions Inc has a twelve month low of $68.58 and a twelve month high of $115.98. The company has a market capitalization of $12.92 billion, a P/E ratio of 10.67, a PEG ratio of 0.90 and a beta of 0.60.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. As a group, analysts anticipate that Skyworks Solutions Inc will post 6.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.52 dividend on an annualized basis and a yield of 2.15%. Skyworks Solutions’s dividend payout ratio is presently 22.93%.
In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $90.48, for a total transaction of $497,640.00. Following the completion of the sale, the director now directly owns 147,752 shares in the company, valued at approximately $13,368,600.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now owns 145,252 shares of the company’s stock, valued at $12,895,472.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,500 shares of company stock valued at $2,197,150. Company insiders own 0.47% of the company’s stock.
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Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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