Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 26.7% in the second quarter, Holdings Channel.com reports. The firm owned 2,681 shares of the semiconductor manufacturer’s stock after selling 975 shares during the period. Advisors Asset Management Inc.’s holdings in Skyworks Solutions were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Skyworks Solutions by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 18,027,044 shares of the semiconductor manufacturer’s stock valued at $2,402,644,000 after purchasing an additional 94,095 shares in the last quarter. BlackRock Inc. grew its position in shares of Skyworks Solutions by 2.3% in the 1st quarter. BlackRock Inc. now owns 14,632,218 shares of the semiconductor manufacturer’s stock worth $1,950,183,000 after acquiring an additional 324,590 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Skyworks Solutions by 7.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,880,928 shares of the semiconductor manufacturer’s stock worth $383,969,000 after acquiring an additional 209,777 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Skyworks Solutions by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,451 shares of the semiconductor manufacturer’s stock worth $187,095,000 after acquiring an additional 52,829 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Skyworks Solutions by 11.9% in the 1st quarter. Invesco Ltd. now owns 1,366,381 shares of the semiconductor manufacturer’s stock worth $182,110,000 after acquiring an additional 145,794 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

Skyworks Solutions Stock Up 0.6 %

Shares of Skyworks Solutions stock opened at $94.33 on Monday. Skyworks Solutions, Inc. has a 1-year low of $76.16 and a 1-year high of $164.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 1.34. The business’s fifty day moving average price is $89.85 and its two-hundred day moving average price is $98.01. The company has a market capitalization of $15.13 billion, a P/E ratio of 12.09, a PEG ratio of 0.70 and a beta of 1.18.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 22nd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, November 21st. Skyworks Solutions’s dividend payout ratio is presently 31.79%.

Analyst Ratings Changes

Several research analysts have recently commented on SWKS shares. Susquehanna Bancshares decreased their target price on Skyworks Solutions to $120.00 in a research report on Monday, July 25th. Summit Insights upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. KeyCorp decreased their target price on Skyworks Solutions from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Wells Fargo & Company decreased their target price on Skyworks Solutions from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Finally, Barclays reduced their price objective on Skyworks Solutions from $110.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $115.45.

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.

See Also

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

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