UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,055,102 shares of the semiconductor manufacturer’s stock after selling 56,519 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Skyworks Solutions were worth $104,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SWKS. Innealta Capital LLC bought a new position in shares of Skyworks Solutions during the second quarter valued at $27,000. Rothschild Investment LLC purchased a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Investors Research Corp lifted its position in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Blue Trust Inc. boosted its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in Skyworks Solutions in the 3rd quarter worth approximately $39,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Loop Capital initiated coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Susquehanna reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Mizuho dropped their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $101.00.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The trade was a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 in the last three months. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $87.59 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm has a market capitalization of $14.01 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company’s 50-day moving average is $92.44 and its 200 day moving average is $99.70.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the company earned $1.95 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.20%. Skyworks Solutions’s payout ratio is 75.68%.

Skyworks Solutions 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.