Trilogy Capital Inc. Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Trilogy Capital Inc. trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,896 shares of the semiconductor manufacturer’s stock after selling 673 shares during the period. Trilogy Capital Inc.’s holdings in Skyworks Solutions were worth $2,805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at about $302,309,000. Norges Bank bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $226,266,000. Pacer Advisors Inc. boosted its stake in shares of Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after purchasing an additional 465,223 shares in the last quarter. KBC Group NV boosted its stake in shares of Skyworks Solutions by 2,156.7% in the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after purchasing an additional 420,858 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Skyworks Solutions by 42.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after purchasing an additional 338,838 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SWKS shares. TD Cowen lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $90.00 in a research report on Wednesday, May 1st. Piper Sandler reduced their price target on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Susquehanna reiterated a “neutral” rating and issued a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Wells Fargo & Company cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $107.19.

Skyworks Solutions Price Performance

SWKS opened at $106.58 on Monday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 5.07 and a beta of 1.23. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $97.35 and a two-hundred day simple moving average of $102.70.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Insiders Place Their Bets

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