Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,731 shares of the semiconductor manufacturer’s stock after selling 307 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of Skyworks Solutions worth $9,611,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of Skyworks Solutions by 172.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,871 shares of the semiconductor manufacturer’s stock valued at $480,000 after purchasing an additional 3,081 shares during the last quarter. Toroso Investments LLC grew its stake in shares of Skyworks Solutions by 10.5% in the 3rd quarter. Toroso Investments LLC now owns 11,619 shares of the semiconductor manufacturer’s stock valued at $1,146,000 after purchasing an additional 1,106 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at approximately $457,000. Banque Pictet & Cie SA purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at approximately $424,000. Finally, 2Xideas AG grew its stake in shares of Skyworks Solutions by 12.7% in the 3rd quarter. 2Xideas AG now owns 111,550 shares of the semiconductor manufacturer’s stock valued at $10,998,000 after purchasing an additional 12,587 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SWKS shares. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. Citigroup reduced their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a report on Thursday, May 2nd. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. Stifel Nicolaus reduced their price target on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $107.19.

Skyworks Solutions Price Performance

Shares of SWKS traded up $3.51 during trading hours on Wednesday, reaching $109.92. 969,098 shares of the company traded hands, compared to its average volume of 2,402,022. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $17.64 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.06 and a beta of 1.23. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The stock has a fifty day simple moving average of $97.76 and a 200 day simple moving average of $102.41.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business 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 predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Activity at Skyworks Solutions

In related news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

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.