Rockefeller Capital Management L.P. Sells 12,021 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rockefeller Capital Management L.P. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 44.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,762 shares of the semiconductor manufacturer's stock after selling 12,021 shares during the period. Rockefeller Capital Management L.P.'s holdings in Skyworks Solutions were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. Sculati Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 49.3% in the third quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer's stock worth $981,000 after buying an additional 2,990 shares during the period. World Investment Advisors LLC bought a new stake in shares of Skyworks Solutions in the 3rd quarter valued at about $4,734,000. Arvest Bank Trust Division purchased a new stake in Skyworks Solutions during the 3rd quarter valued at about $11,209,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Skyworks Solutions by 1.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer's stock valued at $6,497,000 after acquiring an additional 1,244 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 0.0 %

SWKS stock traded up $0.02 on Friday, reaching $61.52. 2,090,873 shares of the company traded hands, compared to its average volume of 2,845,527. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $79.47. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a market cap of $9.65 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of analyst reports. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Barclays cut their price target on shares of Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating on the stock in a report on Tuesday. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. The Goldman Sachs Group cut their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $82.39.

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.