Natixis Sells 27,518 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Natixis reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 59.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,799 shares of the semiconductor manufacturer’s stock after selling 27,518 shares during the period. Natixis’ holdings in Skyworks Solutions were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 27.5% in the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after acquiring an additional 740,048 shares during the period. FIL Ltd lifted its stake in shares of Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after acquiring an additional 64,389 shares during the period. Norges Bank acquired a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $226,266,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Skyworks Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after acquiring an additional 185,355 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the transaction, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost 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 disclosure for this purchase can be found here. Insiders sold 26,337 shares of company stock worth $2,399,797 in the last quarter. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.97 during trading on Thursday, reaching $112.68. The company’s stock had a trading volume of 2,978,904 shares, compared to its average volume of 2,462,662. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 5.59 and a beta of 1.23. 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 has a 50 day moving average of $103.14 and a 200-day moving average of $102.92. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. Research analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm 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 was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.41%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of recent analyst reports. UBS Group cut their price objective 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. Rosenblatt Securities decreased their price objective on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Piper Sandler decreased their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their price objective on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target 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.