Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,300 shares of the semiconductor manufacturer’s stock after selling 700 shares during the period. Forsta AP Fonden’s holdings in Skyworks Solutions were worth $3,123,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Pzena Investment Management LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $302,309,000. Norges Bank acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $226,266,000. Swedbank AB purchased a new position in Skyworks Solutions in the first quarter valued at approximately $110,086,000. Vanguard Group Inc. raised its holdings in Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Skyworks Solutions by 2,156.7% during the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after buying an additional 420,858 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the transaction, the vice president now owns 9,112 shares in the company, valued at $1,093,440. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,068 shares of company stock worth $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 2.0 %

Shares of NASDAQ SWKS opened at $102.47 on Monday. The firm’s 50-day moving average is $107.89 and its two-hundred day moving average is $103.23. The company has a market capitalization of $16.37 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.71 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the prior year, the company earned $1.50 EPS. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.73%. Skyworks Solutions’s payout ratio is presently 52.63%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research analyst reports. Rosenblatt Securities lifted their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen lifted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and issued a $115.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Robert W. Baird raised their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $113.94.

About Skyworks Solutions

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.