Bristlecone Advisors LLC trimmed its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,435 shares of the semiconductor manufacturer’s stock after selling 1,460 shares during the quarter. Bristlecone Advisors LLC’s holdings in Skyworks Solutions were worth $861,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Skyworks Solutions by 3.0% during the 4th quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock worth $889,431,000 after purchasing an additional 385,052 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Skyworks Solutions by 6,143.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 2,689,698 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after purchasing an additional 242,983 shares during the last quarter. Northern Trust Corp raised its position in shares of Skyworks Solutions by 6.1% during the 4th quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock worth $163,596,000 after purchasing an additional 139,555 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Skyworks Solutions by 30.1% during the 4th quarter. LSV Asset Management now owns 2,410,600 shares of the semiconductor manufacturer’s stock worth $161,558,000 after purchasing an additional 558,200 shares during the last quarter. 82.55% of the stock is currently owned by institutional investors.

In other news, insider Peter L. Gammel sold 1,915 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $83.91, for a total value of $160,687.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Peter L. Gammel sold 1,881 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $93.53, for a total transaction of $175,929.93. Following the completion of the sale, the chief technology officer now directly owns 9,240 shares of the company’s stock, valued at approximately $864,217.20. The disclosure for this sale can be found here. In the last three months, insiders sold 81,980 shares of company stock valued at $7,179,761. Corporate insiders own 0.64% of the company’s stock.

NASDAQ SWKS traded up $0.97 during trading hours on Tuesday, hitting $89.24. 1,471,940 shares of the company’s stock traded hands, compared to its average volume of 1,933,482. Skyworks Solutions Inc has a 52-week low of $60.12 and a 52-week high of $104.20. The stock has a market cap of $15.38 billion, a PE ratio of 13.46, a P/E/G ratio of 1.37 and a beta of 0.68.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.12. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. The business had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $974.70 million. During the same quarter in the prior year, the company posted $2.00 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts anticipate that Skyworks Solutions Inc will post 6.01 earnings per share for the current fiscal year.

Skyworks Solutions announced that its board has authorized a stock repurchase plan on Tuesday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 15.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts recently weighed in on SWKS shares. TheStreet upgraded shares of Skyworks Solutions from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. B. Riley restated a “neutral” rating and set a $80.00 price target (down previously from $89.00) on shares of Skyworks Solutions in a research report on Wednesday, January 9th. BidaskClub upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.99.

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About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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