Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,327 shares of the semiconductor manufacturer’s stock after selling 374 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Skyworks Solutions were worth $22,422,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HB Wealth Management LLC raised its stake in shares of Skyworks Solutions by 3.0% during the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after buying an additional 94 shares during the period. Safeguard Investment Advisory Group LLC increased its holdings in Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after acquiring an additional 99 shares in the last quarter. Albert D Mason Inc. lifted its holdings in Skyworks Solutions by 0.7% during the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after purchasing an additional 99 shares in the last quarter. John G Ullman & Associates Inc. grew its position in shares of Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 100 shares during the period. Finally, Lcnb Corp increased its stake in shares of Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. Piper Sandler decreased their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Benchmark downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Citigroup lowered their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $107.14.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The disclosure for this sale can be found here. Insiders sold a total of 26,337 shares of company stock worth $2,399,797 over the last ninety days. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 2.7 %

SWKS traded down $3.13 on Friday, hitting $114.26. The company had a trading volume of 2,205,712 shares, compared to its average volume of 2,687,081. The company’s fifty day moving average price is $101.43 and its 200 day moving average price is $102.59. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The firm has a market cap of $18.33 billion, a P/E ratio of 21.48, a PEG ratio of 5.44 and a beta of 1.23.

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

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

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.