Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,625 shares of the semiconductor manufacturer’s stock after selling 2,500 shares during the period. Clark Estates Inc. NY’s holdings in Skyworks Solutions were worth $3,025,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. O Shaughnessy Asset Management LLC raised its position in shares of Skyworks Solutions by 23.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer’s stock valued at $396,000 after purchasing an additional 689 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Skyworks Solutions by 1.9% in the first quarter. Janus Henderson Group PLC now owns 20,863 shares of the semiconductor manufacturer’s stock valued at $2,259,000 after buying an additional 394 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Skyworks Solutions during the 1st quarter worth approximately $930,000. B. Riley Wealth Advisors Inc. lifted its holdings in Skyworks Solutions by 14.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,108 shares of the semiconductor manufacturer’s stock worth $306,000 after buying an additional 383 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Skyworks Solutions by 1.3% in the first quarter. California State Teachers Retirement System now owns 259,934 shares of the semiconductor manufacturer’s stock worth $28,156,000 after purchasing an additional 3,446 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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 shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 in the last three months. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Stock Down 1.9 %

SWKS stock opened at $86.28 on Wednesday. The company’s 50 day simple moving average is $93.30 and its 200-day simple moving average is $99.93. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm has a market capitalization of $13.80 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.94 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research reports. Bank of America lifted their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. TD Cowen upped their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $101.00.

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.