Skyworks Solutions, Inc. (SWKS) Position Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 65.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,250 shares of the semiconductor manufacturer’s stock after selling 17,260 shares during the period. Nuveen Asset Management LLC’s holdings in Skyworks Solutions were worth $906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. increased its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the period. Cleararc Capital Inc. increased its position in shares of Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares during the period. First National Bank of Hutchinson increased its position in shares of Skyworks Solutions by 1.1% in the first quarter. First National Bank of Hutchinson now owns 6,704 shares of the semiconductor manufacturer’s stock valued at $657,000 after buying an additional 72 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares during the period. Finally, Mason Street Advisors LLC increased its position in shares of Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) remained flat at $102.21 during trading on Friday. 1,139,401 shares of the company traded hands. The stock has a 50 day moving average of $103.25 and a 200-day moving average of $100.57. The company has a market capitalization of $18.78 billion, a PE ratio of 19.62 and a beta of 0.82. Skyworks Solutions, Inc. has a 52-week low of $65.76 and a 52-week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last released its 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 firm had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. Skyworks Solutions’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s payout ratio is presently 24.57%.

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Several brokerages recently weighed in on SWKS. B. Riley restated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, May 3rd. Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 target price on the stock. in a research note on Monday, August 14th. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a research note on Friday, July 21st. Finally, Craig Hallum boosted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $110.43.

In other Skyworks Solutions news, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the sale, the director now directly owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $848,377.36. Following the completion of the sale, the insider now directly owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Skyworks Solutions Company Profile

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.

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

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