Huntington National Bank Sells 273 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Huntington National Bank trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,298 shares of the semiconductor manufacturer’s stock after selling 273 shares during the quarter. Huntington National Bank’s holdings in Skyworks Solutions were worth $128,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Skyworks Solutions during the second quarter worth about $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the period. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in Skyworks Solutions in the third quarter valued at approximately $49,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $83.69 on Monday. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The stock has a fifty day simple moving average of $95.14 and a 200 day simple moving average of $100.23.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given 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 3.35%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Transactions at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 20.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert John Terry sold 10,522 shares of the firm’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 value of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,841 shares of company stock worth $3,034,265. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SWKS shares. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Morgan Stanley dropped their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.00.

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.