PNC Financial Services Group Inc. Lowers Position in Skyworks Solutions Inc (NASDAQ:SWKS)

PNC Financial Services Group Inc. cut its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,107 shares of the semiconductor manufacturer’s stock after selling 10,332 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.06% of Skyworks Solutions worth $9,306,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in Skyworks Solutions by 128.3% in the fourth quarter. McIlrath & Eck LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 118 shares during the period. Certified Advisory Corp lifted its stake in Skyworks Solutions by 541.3% in the first quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 249 shares during the period. Sugarloaf Wealth Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth about $30,000. RMR Wealth Builders purchased a new stake in Skyworks Solutions in the fourth quarter worth about $39,000. Finally, Capital Wealth Alliance LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth about $40,000. 82.19% of the stock is owned by institutional investors.

Shares of NASDAQ:SWKS opened at $117.02 on Friday. Skyworks Solutions Inc has a twelve month low of $66.29 and a twelve month high of $128.48. The company’s 50 day moving average is $98.36 and its 200 day moving average is $104.62. The company has a current ratio of 6.13, a quick ratio of 4.34 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.04 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, May 4th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.01. Skyworks Solutions had a net margin of 24.35% and a return on equity of 21.89%. The company had revenue of $766.10 million for the quarter, compared to the consensus estimate of $765.10 million. During the same quarter in the prior year, the company earned $1.47 EPS. Skyworks Solutions’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions Inc will post 4.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.76 annualized dividend and a yield of 1.50%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.

In related news, SVP Robert John Terry sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $101.00, for a total value of $202,000.00. Following the transaction, the senior vice president now owns 11,024 shares in the company, valued at approximately $1,113,424. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Several analysts have commented on the stock. UBS Group increased their price target on shares of Skyworks Solutions from $94.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, March 27th. Citigroup increased their price target on shares of Skyworks Solutions from $95.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $108.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Finally, Argus raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $115.15.

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

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