Trustmark National Bank Trust Department Reduces Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Trustmark National Bank Trust Department decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,229 shares of the semiconductor manufacturer’s stock after selling 1,225 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Skyworks Solutions were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Raymond James Trust N.A. increased its position in shares of Skyworks Solutions by 9.9% during the fourth quarter. Raymond James Trust N.A. now owns 4,571 shares of the semiconductor manufacturer’s stock worth $514,000 after purchasing an additional 413 shares in the last quarter. HB Wealth Management LLC raised its position in Skyworks Solutions by 28.7% in the 4th quarter. HB Wealth Management LLC now owns 3,125 shares of the semiconductor manufacturer’s stock valued at $351,000 after purchasing an additional 697 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Skyworks Solutions in the 4th quarter valued at about $29,522,000. Pacer Advisors Inc. increased its holdings in shares of Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after acquiring an additional 465,223 shares during the last quarter. Finally, ZRC Wealth Management LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insiders Place Their Bets

In related news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,337 shares of company stock valued at $2,399,797. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.93 during trading on Tuesday, reaching $117.48. 473,644 shares of the company’s stock were exchanged, compared to its average volume of 2,446,923. 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 company has a market cap of $18.85 billion, a P/E ratio of 22.26, a PEG ratio of 5.44 and a beta of 1.23. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The firm’s 50-day moving average price is $101.92 and its 200 day moving average price is $102.67.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.32%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SWKS shares. UBS Group lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Stifel Nicolaus lowered their price objective on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Mizuho lowered their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.14.

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.