Crossmark Global Holdings Inc. cut its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,037 shares of the semiconductor manufacturer’s stock after selling 1,246 shares during the period. Crossmark Global Holdings Inc.’s holdings in Skyworks Solutions were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Polaris Greystone Financial Group LLC boosted its position in shares of Skyworks Solutions by 17.6% during the third quarter. Polaris Greystone Financial Group LLC now owns 41,898 shares of the semiconductor manufacturer’s stock worth $3,160,000 after buying an additional 6,278 shares during the period. Diversified Trust Co boosted its position in shares of Skyworks Solutions by 2.0% during the third quarter. Diversified Trust Co now owns 33,839 shares of the semiconductor manufacturer’s stock worth $2,682,000 after buying an additional 670 shares during the period. Scout Investments Inc. acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $40,923,000. Bangor Savings Bank boosted its position in shares of Skyworks Solutions by 6.6% during the third quarter. Bangor Savings Bank now owns 11,406 shares of the semiconductor manufacturer’s stock worth $904,000 after buying an additional 705 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $431,000. Institutional investors and hedge funds own 80.98% of the company’s stock.
Shares of NASDAQ:SWKS opened at $86.64 on Wednesday. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $94.39. The stock has a fifty day moving average of $79.47 and a 200-day moving average of $79.54. The company has a market capitalization of $14.59 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s dividend payout ratio is 26.55%.
In other Skyworks Solutions news, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $76.45, for a total transaction of $76,373.55. Following the sale, the director now directly owns 204,031 shares of the company’s stock, valued at approximately $15,598,169.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert John Terry sold 3,250 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $79.68, for a total transaction of $258,960.00. Following the sale, the senior vice president now directly owns 15,326 shares in the company, valued at $1,221,175.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,749 shares of company stock valued at $2,701,484 in the last quarter. Insiders own 0.64% of the company’s stock.
Several equities analysts have recently issued reports on SWKS shares. Canaccord Genuity reduced their price objective on Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, July 18th. Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Wednesday, August 7th. Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $75.00 to $80.00 in a research report on Thursday, July 18th. Finally, BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.21.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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