Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,969 shares of the semiconductor manufacturer's stock after selling 85,731 shares during the period. Two Sigma Advisers LP owned approximately 0.13% of Skyworks Solutions worth $17,822,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management purchased a new position in Skyworks Solutions during the fourth quarter worth about $33,000. Manchester Capital Management LLC raised its holdings in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after purchasing an additional 426 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after purchasing an additional 218 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the subject of several analyst reports. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. UBS Group dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Morgan Stanley dropped their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $78.29.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.28% of the stock is owned by company insiders.

Skyworks Solutions Trading Down 1.4%

NASDAQ SWKS traded down $0.97 during mid-day trading on Friday, reaching $69.39. 3,902,192 shares of the stock were exchanged, compared to its average volume of 2,934,789. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The business's fifty day simple moving average is $63.62 and its 200 day simple moving average is $75.76. The stock has a market capitalization of $10.42 billion, a PE ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.04%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.