Walleye Capital LLC Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Walleye Capital LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 88.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,451 shares of the semiconductor manufacturer’s stock after selling 47,699 shares during the period. Walleye Capital LLC’s holdings in Skyworks Solutions were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Skyworks Solutions by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 816,490 shares of the semiconductor manufacturer’s stock valued at $126,670,000 after purchasing an additional 37,529 shares in the last quarter. Level Four Advisory Services LLC acquired a new position in Skyworks Solutions during the fourth quarter worth about $200,000. Geode Capital Management LLC grew its stake in Skyworks Solutions by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 3,126,997 shares of the semiconductor manufacturer’s stock valued at $483,924,000 after acquiring an additional 82,206 shares in the last quarter. Invesco Ltd. raised its holdings in Skyworks Solutions by 17.7% in the 4th quarter. Invesco Ltd. now owns 1,220,587 shares of the semiconductor manufacturer’s stock valued at $189,362,000 after acquiring an additional 183,775 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Skyworks Solutions by 98.2% during the 4th quarter. Schroder Investment Management Group now owns 349,166 shares of the semiconductor manufacturer’s stock worth $54,169,000 after purchasing an additional 172,971 shares during the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

Insider Transactions at Skyworks Solutions

In other news, SVP Karilee A. Durham sold 5,858 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the sale, the senior vice president now owns 10,130 shares of the company’s stock, valued at approximately $1,137,193.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SWKS. Mizuho reduced their price objective on Skyworks Solutions from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. Cowen set a $132.00 price target on shares of Skyworks Solutions in a research note on Tuesday, July 19th. Susquehanna Bancshares decreased their price objective on Skyworks Solutions to $120.00 in a report on Monday, July 25th. Finally, KeyCorp cut their target price on Skyworks Solutions from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.29.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $99.84 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.37 and a quick ratio of 1.47. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The stock’s 50-day moving average is $104.66 and its two-hundred day moving average is $109.67. Skyworks Solutions, Inc. has a 1-year low of $88.76 and a 1-year high of $175.44.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts forecast that Skyworks Solutions, Inc. will post 9.95 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Wednesday, August 24th. Skyworks Solutions’s payout ratio is 31.51%.

Skyworks Solutions Company Profile

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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