SG Americas Securities LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 37.9% during the third quarter, HoldingsChannel reports. The firm owned 15,319 shares of the semiconductor manufacturer’s stock after selling 9,369 shares during the quarter. SG Americas Securities LLC’s holdings in Skyworks Solutions were worth $1,179,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. Park Place Capital Corp grew its stake in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 141 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $28,000. Financial Consulate Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth about $29,000. Clearstead Trust LLC boosted its position in shares of Skyworks Solutions by 200.0% during the 2nd quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 274 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $32,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Skyworks Solutions
In related news, SVP Robert John Terry sold 4,945 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total transaction of $307,974.60. Following the completion of the sale, the senior vice president directly owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This trade represents a 19.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Reza Kasnavi sold 7,332 shares of Skyworks Solutions stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the completion of the transaction, the executive vice president owned 26,087 shares in the company, valued at approximately $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.28% of the company’s stock.
Skyworks Solutions Trading Down 1.2%
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. The business had revenue of $1.10 billion during the quarter. During the same period in the previous year, the company posted $1.55 earnings per share. Skyworks Solutions’s quarterly revenue was up 7.3% on a year-over-year basis. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.
Skyworks Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 92.51%.
Analyst Ratings Changes
A number of brokerages recently issued reports on SWKS. BNP Paribas Exane upped their price target on Skyworks Solutions from $71.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Barclays lowered their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and increased their target price for the company from $66.00 to $105.00 in a research report on Wednesday, October 29th. Cfra set a $90.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada initiated coverage on Skyworks Solutions in a report on Wednesday. They set a “sector perform” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.61.
Get Our Latest Research Report on Skyworks Solutions
Skyworks Solutions Profile
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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