Knuff & Co LLC Cuts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Knuff & Co LLC lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,390 shares of the semiconductor manufacturer’s stock after selling 819 shares during the period. Knuff & Co LLC’s holdings in Skyworks Solutions were worth $2,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions during the second quarter valued at approximately $27,000. Blue Trust Inc. grew its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions in the third quarter worth $39,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at $40,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s 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 completion of the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.35% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

SWKS stock opened at $83.99 on Tuesday. The stock’s 50 day simple moving average is $94.82 and its 200 day simple moving average is $100.19. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm has a market cap of $13.41 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.53 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 2.19 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted 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. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.95 EPS. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 5.39 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SWKS shares. Mizuho decreased their price target on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Rosenblatt Securities increased their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley dropped their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup dropped their price objective on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” 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 given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.00.

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.