Clark Estates Inc. NY Sells 2,500 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Clark Estates Inc. NY decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,625 shares of the semiconductor manufacturer’s stock after selling 2,500 shares during the quarter. Clark Estates Inc. NY’s holdings in Skyworks Solutions were worth $3,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. O Shaughnessy Asset Management LLC grew its stake in shares of Skyworks Solutions by 23.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer’s stock worth $396,000 after acquiring an additional 689 shares during the last quarter. Janus Henderson Group PLC grew its position in Skyworks Solutions by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer’s stock worth $2,259,000 after purchasing an additional 394 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Skyworks Solutions during the 1st quarter worth about $930,000. B. Riley Wealth Advisors Inc. raised its position in shares of Skyworks Solutions by 14.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer’s stock valued at $306,000 after buying an additional 383 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Skyworks Solutions by 1.3% in the first quarter. California State Teachers Retirement System now owns 259,934 shares of the semiconductor manufacturer’s stock valued at $28,156,000 after buying an additional 3,446 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SWKS shares. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Stifel Nicolaus raised their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Mizuho lowered their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley reduced their price objective 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, TD Cowen upped their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Down 1.9 %

NASDAQ:SWKS opened at $86.28 on Wednesday. The stock’s fifty day moving average price is $93.30 and its two-hundred day moving average price is $99.93. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.94 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.95 earnings per share. The company’s revenue was down 15.9% on a year-over-year basis. On average, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. Skyworks Solutions’s payout ratio is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company’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 approximately $2,638,548.38. This represents a 27.36 % 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 Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction 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. This trade represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,841 shares of company stock valued at $3,034,265. 0.35% of the stock is currently owned by insiders.

About Skyworks Solutions

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.