LSV Asset Management Sells 35,700 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

LSV Asset Management trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,713,600 shares of the semiconductor manufacturer’s stock after selling 35,700 shares during the quarter. LSV Asset Management’s holdings in Skyworks Solutions were worth $185,617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas bought a new position in Skyworks Solutions in the 1st quarter worth approximately $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $31,000. ST Germain D J Co. Inc. boosted its position in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares during the last quarter. Finally, Vestor Capital LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $43,000. 85.43% of the stock is currently owned by institutional investors.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now owns 9,564 shares of the company’s stock, valued at $1,052,040. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now owns 9,564 shares of the company’s stock, valued at $1,052,040. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SWKS shares. Rosenblatt Securities lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Piper Sandler lowered their target price on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Finally, Citigroup decreased their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.19.

Skyworks Solutions Stock Up 2.2 %

Shares of SWKS traded up $2.38 during midday trading on Friday, reaching $112.33. 2,820,723 shares of the stock were exchanged, compared to its average volume of 2,418,977. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. 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 company’s 50 day moving average is $98.58 and its two-hundred day moving average is $102.52. The company has a market capitalization of $18.02 billion, a P/E ratio of 20.67, a PEG ratio of 5.27 and a beta of 1.23.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

About Skyworks Solutions

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.