Natixis Advisors LLC Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Natixis Advisors LLC decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,290 shares of the semiconductor manufacturer’s stock after selling 1,869 shares during the period. Natixis Advisors LLC’s holdings in Skyworks Solutions were worth $18,499,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SWKS. Forsta AP Fonden raised its stake 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 valued at $3,674,000 after buying an additional 7,900 shares during the period. Versor Investments LP boosted its holdings in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Skyworks Solutions by 73.3% in the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after acquiring an additional 6,795 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after acquiring an additional 325,672 shares during the last quarter. Finally, M&G Plc bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $797,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.5 %

SWKS opened at $83.56 on Wednesday. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.53 and a beta of 1.21. The stock’s 50 day moving average price is $94.50 and its 200-day moving average price is $100.13. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.19 and a current ratio of 3.01.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for 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 company’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. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Skyworks Solutions’s payout ratio is 75.68%.

Analysts Set New Price Targets

SWKS has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. Robert W. Baird increased their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup lowered their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a report on Wednesday, November 13th. Susquehanna lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Loop Capital assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Three research 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. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $101.00.

Insider Activity at Skyworks Solutions

In related news, 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 value of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,841 shares of company stock worth $3,034,265. Company insiders own 0.35% of the company’s stock.

Skyworks Solutions Company 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.