Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,795 shares of the semiconductor manufacturer’s stock after selling 7,125 shares during the quarter. Natixis Advisors L.P. owned about 0.07% of Skyworks Solutions worth $13,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SWKS. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after purchasing an additional 53,389 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after acquiring an additional 136,188 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after acquiring an additional 321,243 shares during the last quarter. Northern Trust Corp raised its position in shares of Skyworks Solutions by 8.3% during the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock worth $206,165,000 after purchasing an additional 160,178 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after purchasing an additional 338,820 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SWKS shares. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. B. Riley upped their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities lowered their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Stifel Nicolaus decreased their target price on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Benchmark lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $108.86.

Skyworks Solutions Stock Performance

SWKS stock opened at $92.56 on Wednesday. The stock has a market capitalization of $14.85 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 3.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The company has a 50 day moving average price of $102.94 and a 200 day moving average price of $101.89. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be given a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.94%. Skyworks Solutions’s payout ratio is 51.13%.

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.