UBS Asset Management Americas Inc. Sells 1,000 Shares of Skyworks Solutions, Inc. (SWKS)

UBS Asset Management Americas Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,068,023 shares of the semiconductor manufacturer’s stock after selling 1,000 shares during the period. UBS Asset Management Americas Inc. owned about 0.58% of Skyworks Solutions worth $102,477,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Skyworks Solutions by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock valued at $1,746,298,000 after purchasing an additional 466,480 shares in the last quarter. BlackRock Inc. increased its stake in shares of Skyworks Solutions by 3,071.2% during the 1st quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after acquiring an additional 11,673,555 shares during the last quarter. State Street Corp increased its stake in shares of Skyworks Solutions by 0.5% during the 1st quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock valued at $758,285,000 after acquiring an additional 38,898 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Skyworks Solutions by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock valued at $254,468,000 after acquiring an additional 95,860 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Skyworks Solutions by 9.6% during the 1st quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock valued at $212,388,000 after acquiring an additional 189,313 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

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In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the transaction, the insider now directly owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the transaction, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,371 shares of company stock worth $1,505,093. Company insiders own 0.49% of the company’s stock.

A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective for the company. in a research note on Monday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research note on Sunday. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $111.82.

Skyworks Solutions, Inc. (SWKS) opened at 103.04 on Thursday. The stock has a market capitalization of $18.93 billion, a PE ratio of 19.78 and a beta of 0.81. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11. The stock’s 50 day moving average price is $104.54 and its 200 day moving average price is $102.42.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Equities research analysts forecast that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, August 4th. Skyworks Solutions’s payout ratio is currently 24.57%.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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