Brown Brothers Harriman & Co. Has $350,000 Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Brown Brothers Harriman & Co. decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,281 shares of the semiconductor manufacturer’s stock after selling 202 shares during the period. Brown Brothers Harriman & Co.’s holdings in Skyworks Solutions were worth $350,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas purchased a new stake in shares of Skyworks Solutions during the 1st quarter worth about $27,000. Rothschild Investment LLC acquired a new position in Skyworks Solutions in the second quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at $27,000. Access Investment Management LLC acquired a new position in Skyworks Solutions during the first quarter worth $31,000. Finally, Blue Trust Inc. raised its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insiders Place Their Bets

In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was 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 of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock worth $1,252,490 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SWKS has been the subject of several recent analyst reports. Piper Sandler reiterated a “neutral” rating and set a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. TD Cowen increased their price target on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Craig Hallum raised their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Trading Down 0.5 %

Shares of SWKS stock opened at $96.23 on Thursday. The firm has a fifty day moving average of $107.52 and a 200-day moving average of $103.11. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

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

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.91%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is 52.63%.

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.