Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Avestar Capital LLC

Avestar Capital LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.1% in the third quarter, HoldingsChannel.com reports. The fund owned 2,994 shares of the semiconductor manufacturer’s stock after selling 265 shares during the quarter. Avestar Capital LLC’s holdings in Skyworks Solutions were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Vulcan Value Partners LLC lifted its position in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after buying an additional 1,233,618 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after buying an additional 713,636 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after buying an additional 661,144 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Skyworks Solutions by 56.7% in the 2nd quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer’s stock valued at $169,769,000 after buying an additional 576,576 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SWKS shares. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. TD Cowen boosted their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Piper Sandler decreased their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Trading Up 0.6 %

SWKS opened at $86.80 on Thursday. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The stock has a market capitalization of $13.88 billion, a PE ratio of 23.46, a P/E/G ratio of 1.90 and a beta of 1.21. The business’s 50 day moving average price is $93.09 and its 200 day moving average price is $99.89. 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 released its quarterly earnings results 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 company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue was down 15.9% compared to the same quarter last year. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 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. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insiders Place Their Bets

In other news, 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 value of $926,041.22. Following the sale, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

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.