Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 88,731 shares of the semiconductor manufacturer’s stock after selling 307 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Skyworks Solutions were worth $9,611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after buying an additional 123,564 shares during the last quarter. FIL Ltd increased its stake in Skyworks Solutions by 2.4% during the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after acquiring an additional 64,389 shares during the period. Pzena Investment Management LLC bought a new position in Skyworks Solutions during the fourth quarter valued at about $302,309,000. Norges Bank bought a new position in Skyworks Solutions during the fourth quarter valued at about $226,266,000. Finally, Dimensional Fund Advisors LP increased its stake in Skyworks Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock valued at $203,093,000 after acquiring an additional 185,355 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity

In related news, CEO Liam Griffin acquired 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The disclosure for this purchase can be found here. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. Citigroup lowered their price objective on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. Wolfe Research lowered Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. Susquehanna reiterated a “neutral” rating and issued a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $107.19.

Skyworks Solutions Stock Up 3.3 %

SWKS stock traded up $3.51 during trading hours on Wednesday, reaching $109.92. 969,098 shares of the stock were exchanged, compared to its average volume of 2,402,022. The firm’s 50-day moving average is $97.76 and its 200-day moving average is $102.41. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 5.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

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.