Teachers Retirement System of The State of Kentucky Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teachers Retirement System of The State of Kentucky reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,965 shares of the semiconductor manufacturer’s stock after selling 778 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Skyworks Solutions were worth $1,181,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in Skyworks Solutions in the 2nd quarter valued at about $27,000. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $27,000. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $27,000. Investors Research Corp lifted its stake in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the period. Finally, Blue Trust Inc. boosted its position in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. B. Riley cut their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. Piper Sandler decreased their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Mizuho dropped 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. Finally, Citigroup decreased their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research report on Wednesday, November 13th. Three investment 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.com, the stock has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Trading Down 2.3 %

Shares of SWKS opened at $88.66 on Thursday. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The stock’s 50-day moving average is $90.21 and its two-hundred day moving average is $99.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The stock has a market cap of $14.18 billion, a PE ratio of 23.96, a P/E/G ratio of 2.01 and a beta of 1.19.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.16%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity at Skyworks Solutions

In related news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,520 shares of company stock valued at $2,083,803. Corporate insiders own 0.34% of the company’s stock.

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.