Oppenheimer & Co. Inc. Sells 1,141 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Oppenheimer & Co. Inc. trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 32.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,375 shares of the semiconductor manufacturer’s stock after selling 1,141 shares during the period. Oppenheimer & Co. Inc.’s holdings in Skyworks Solutions were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SWKS. Innealta Capital LLC bought a new stake in Skyworks Solutions during the 2nd quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Blue Trust Inc. grew its position in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Matrix Trust Co bought a new stake in shares of Skyworks Solutions during the third quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Skyworks Solutions in the third quarter valued at approximately $49,000. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SWKS. Susquehanna dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley dropped their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. B. Riley lowered their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.00.

Insider Buying and Selling

In related news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,841 shares of company stock worth $3,034,265. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 0.4 %

Skyworks Solutions stock opened at $85.41 on Friday. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.84 and a beta of 1.21. The firm has a 50-day moving average of $93.49 and a 200-day moving average of $99.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 2.19. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly 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 firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. On average, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 3.28%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

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.