Mission Wealth Management LP Sells 143 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mission Wealth Management LP decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,942 shares of the semiconductor manufacturer’s stock after selling 143 shares during the quarter. Mission Wealth Management LP’s holdings in Skyworks Solutions were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Skyworks Solutions by 0.7% during the 4th 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 in the last quarter. FIL Ltd grew its position in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after buying an additional 64,389 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth $302,309,000. Norges Bank bought a new position in shares of Skyworks Solutions during the 4th quarter worth $226,266,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Skyworks Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after buying an additional 185,355 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SWKS shares. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Wolfe Research downgraded Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. TD Cowen downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $90.00 in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.19.

Insider Activity at Skyworks Solutions

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

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded up $0.93 during trading on Friday, hitting $105.56. The stock had a trading volume of 3,537,208 shares, compared to its average volume of 2,641,625. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 4.98 and a beta of 1.23. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $97.80 and a two-hundred day simple moving average of $102.60.

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

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 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.