Public Employees Retirement System of Ohio Reduces Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Public Employees Retirement System of Ohio trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,847 shares of the semiconductor manufacturer’s stock after selling 3,858 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Skyworks Solutions were worth $6,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 during the last quarter. Diversified Trust Co boosted its holdings in Skyworks Solutions by 23.9% in the second quarter. Diversified Trust Co now owns 2,652 shares of the semiconductor manufacturer’s stock valued at $283,000 after purchasing an additional 512 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Skyworks Solutions by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,666 shares of the semiconductor manufacturer’s stock worth $2,522,000 after purchasing an additional 741 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Skyworks Solutions by 14.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,936 shares of the semiconductor manufacturer’s stock worth $1,059,000 after purchasing an additional 1,284 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.5 %

Shares of SWKS opened at $90.98 on Friday. The stock has a 50 day moving average price of $90.59 and a 200 day moving average price of $99.34. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.97 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS) last released its 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 business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,520 shares of company stock worth $2,083,803 in the last ninety days. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Mizuho dropped their price objective 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. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Piper Sandler lowered their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.00.

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.