Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 498,400 shares of the semiconductor manufacturer's stock after selling 13,600 shares during the period. Swiss National Bank owned 0.31% of Skyworks Solutions worth $56,030,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Safeguard Investment Advisory Group LLC boosted its holdings in Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer's stock valued at $1,764,000 after purchasing an additional 99 shares during the period. John G Ullman & Associates Inc. raised its position in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer's stock worth $371,000 after purchasing an additional 100 shares during the period. Syntax Advisors LLC raised its position in Skyworks Solutions by 5.4% in the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer's stock worth $217,000 after purchasing an additional 113 shares during the period. Unison Advisors LLC raised its position in Skyworks Solutions by 0.7% in the 4th quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer's stock worth $1,911,000 after purchasing an additional 115 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Skyworks Solutions by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer's stock worth $1,281,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded down $0.73 on Monday, hitting $91.78. 2,145,048 shares of the company's stock traded hands, compared to its average volume of 2,419,542. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. The firm's 50-day moving average price is $103.41 and its two-hundred day moving average price is $101.90. The firm has a market capitalization of $14.73 billion, a PE ratio of 17.39, a P/E/G ratio of 4.00 and a beta of 1.35.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, May 20th. Skyworks Solutions's payout ratio is presently 51.13%.

Analysts Set New Price Targets

SWKS has been the topic of a number of analyst reports. Susquehanna reiterated a "neutral" rating and issued a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Monday, April 8th. Wells Fargo & Company decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 1st. Mizuho decreased their price objective on shares of Skyworks Solutions from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus decreased their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a "buy" rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $108.86.

Skyworks Solutions Company Profile

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.