Nordea Investment Management AB Sells 1,364 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nordea Investment Management AB lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,913 shares of the semiconductor manufacturer’s stock after selling 1,364 shares during the period. Nordea Investment Management AB’s holdings in Skyworks Solutions were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Investors Research Corp grew its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Matrix Trust Co purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $39,000. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $40,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions in the 3rd quarter valued at $41,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 2.6 %

Shares of NASDAQ SWKS opened at $90.20 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $88.33 and a two-hundred day simple moving average of $98.16. The firm has a market capitalization of $14.42 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.10%. Skyworks Solutions’s payout ratio is 75.68%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWKS. Craig Hallum cut their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Mizuho cut their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Barclays cut their price objective on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $101.71.

Insider Buying and Selling

In other news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,520 shares of company stock worth $2,083,803 in the last three months. 0.34% of the stock is owned by corporate insiders.

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.