Robeco Institutional Asset Management B.V. Sells 120,235 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,920 shares of the semiconductor manufacturer's stock after selling 120,235 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Skyworks Solutions were worth $4,600,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Safeguard Investment Advisory Group LLC raised its position in Skyworks Solutions by 0.6% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer's stock valued at $1,764,000 after acquiring an additional 99 shares in the last quarter. John G Ullman & Associates Inc. raised its position in Skyworks Solutions by 3.1% during the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer's stock valued at $371,000 after acquiring an additional 100 shares in the last quarter. Syntax Advisors LLC raised its position in Skyworks Solutions by 5.4% during the third quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer's stock valued at $217,000 after acquiring an additional 113 shares in the last quarter. Unison Advisors LLC raised its position in Skyworks Solutions by 0.7% during the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer's stock valued at $1,911,000 after acquiring an additional 115 shares in the last quarter. Finally, Guinness Asset Management LTD raised its position in Skyworks Solutions by 2.8% during the third quarter. Guinness Asset Management LTD now owns 4,978 shares of the semiconductor manufacturer's stock valued at $491,000 after acquiring an additional 134 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SWKS. Mizuho dropped their price target 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. UBS Group dropped their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. KeyCorp lowered shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Monday, April 8th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Finally, Benchmark lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $106.25.

Insider Buying and Selling

In related news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded down $1.60 on Tuesday, hitting $92.45. The stock had a trading volume of 1,631,024 shares, compared to its average volume of 2,359,744. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The firm's 50 day moving average price is $100.89 and its 200-day moving average price is $102.21. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.39 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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 given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.94%. Skyworks Solutions's dividend payout ratio (DPR) is 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.