First Interstate Bank Has $2.21 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

First Interstate Bank trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,396 shares of the semiconductor manufacturer’s stock after selling 352 shares during the quarter. First Interstate Bank’s holdings in Skyworks Solutions were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC raised its holdings in Skyworks Solutions by 4.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $239,000 after acquiring an additional 87 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Skyworks Solutions by 14.8% in the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Skyworks Solutions by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock worth $1,468,000 after purchasing an additional 100 shares during the period. Zega Financial LLC boosted its stake in Skyworks Solutions by 5.0% during the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $224,000 after buying an additional 100 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock valued at $1,569,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.5 %

Skyworks Solutions stock traded up $1.33 during mid-day trading on Friday, hitting $88.91. The stock had a trading volume of 2,106,410 shares, compared to its average volume of 1,941,196. The stock has a market capitalization of $14.20 billion, a PE ratio of 18.33, a P/E/G ratio of 3.97 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $85.74 and a 12 month high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $98.74 and a two-hundred day simple moving average of $101.12.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter in the previous year, the company earned $1.50 EPS. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Insider Transactions at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock worth $2,142,110 in the last three months. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWKS shares. Susquehanna reduced their price objective on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, October 21st. TD Cowen raised their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. B. Riley lowered their price objective on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Bank of America increased their target price on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three equities 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 stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $109.88.

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.