E. Ohman J or Asset Management AB Sells 1,100 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

E. Ohman J or Asset Management AB reduced its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the semiconductor manufacturer’s stock after selling 1,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Skyworks Solutions were worth $642,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SWKS. Duality Advisers LP bought a new position in Skyworks Solutions in the 1st quarter valued at about $1,517,000. Brookstone Capital Management bought a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $262,000. Advisors Asset Management Inc. lifted its position in shares of Skyworks Solutions by 73.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock worth $1,740,000 after buying an additional 6,795 shares in the last quarter. M&G Plc bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Skyworks Solutions by 10.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock worth $48,843,000 after buying an additional 43,373 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,341 shares of company stock worth $2,142,110 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Craig Hallum lifted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Finally, Susquehanna lowered their price target on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.88.

Skyworks Solutions Stock Up 0.1 %

Skyworks Solutions stock opened at $95.20 on Friday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 4.34 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $100.26 and a 200 day simple moving average of $101.46.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates 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 business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. On average, analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s payout ratio is 57.73%.

Skyworks Solutions 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.