Public Employees Retirement System of Ohio Sells 3,222 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Public Employees Retirement System of Ohio lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,358 shares of the semiconductor manufacturer’s stock after selling 3,222 shares during the period. Public Employees Retirement System of Ohio’s holdings in Skyworks Solutions were worth $7,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 27.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after acquiring an additional 740,048 shares during the period. FIL Ltd boosted its position in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after acquiring an additional 64,389 shares in the last quarter. Norges Bank bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $226,266,000. Finally, Dimensional Fund Advisors LP raised its position in Skyworks Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock valued at $203,093,000 after purchasing an additional 185,355 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SWKS shares. Susquehanna lifted their price target on Skyworks Solutions from $90.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Rosenblatt Securities decreased their price target on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Stifel Nicolaus decreased their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $90.00 in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $107.67.

Skyworks Solutions Trading Up 0.5 %

Shares of SWKS traded up $0.56 during trading hours on Tuesday, hitting $117.97. 196,526 shares of the stock were exchanged, compared to its average volume of 2,443,575. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The business has a 50-day moving average of $104.06 and a 200-day moving average of $103.07. The firm has a market capitalization of $18.93 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 5.53 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction on 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 transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 9,112 shares in the company, valued at $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction on Thursday, May 30th. The shares were 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 $5,495,727.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,337 shares of company stock worth $2,399,797. 0.34% of the stock is currently owned by company insiders.

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.