Keeley Teton Advisors LLC Has $2.05 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Keeley Teton Advisors LLC cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,239 shares of the semiconductor manufacturer’s stock after selling 1,074 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Skyworks Solutions were worth $2,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in shares of Skyworks Solutions by 25.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 17,015 shares of the semiconductor manufacturer’s stock valued at $1,913,000 after acquiring an additional 3,461 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Skyworks Solutions by 1,683.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 130,720 shares of the semiconductor manufacturer’s stock valued at $14,695,000 after purchasing an additional 123,390 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Skyworks Solutions by 162.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 27,971 shares of the semiconductor manufacturer’s stock valued at $3,144,000 after purchasing an additional 17,332 shares during the period. First Trust Advisors LP raised its holdings in shares of Skyworks Solutions by 6.0% during the fourth quarter. First Trust Advisors LP now owns 1,221,072 shares of the semiconductor manufacturer’s stock valued at $137,273,000 after purchasing an additional 69,289 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in shares of Skyworks Solutions by 7.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 61,703 shares of the semiconductor manufacturer’s stock worth $6,937,000 after purchasing an additional 4,086 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on SWKS. Piper Sandler cut their price target on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Rosenblatt Securities reduced their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, UBS Group dropped their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $106.25.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded up $1.60 during midday trading on Wednesday, reaching $92.28. The company had a trading volume of 2,073,851 shares, compared to its average volume of 2,341,276. The stock has a market cap of $14.81 billion, a P/E ratio of 17.35, a P/E/G ratio of 4.28 and a beta of 1.24. The company’s 50 day moving average price is $97.88 and its 200 day moving average price is $102.28. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Insider Buying and Selling at Skyworks Solutions

In related news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Liam Griffin bought 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Skyworks Solutions Profile

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.