Palouse Capital Management Inc. lessened its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 4.1% during the 1st quarter, HoldingsChannel reports. The firm owned 40,965 shares of the semiconductor manufacturer’s stock after selling 1,752 shares during the quarter. Palouse Capital Management Inc.’s holdings in Skyworks Solutions were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SWKS. Keybank National Association OH lifted its stake in shares of Skyworks Solutions by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,992 shares of the semiconductor manufacturer’s stock valued at $335,000 after buying an additional 182 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Skyworks Solutions by 42.7% during the 4th quarter. Advisors Asset Management Inc. now owns 4,407 shares of the semiconductor manufacturer’s stock valued at $295,000 after buying an additional 1,319 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of Skyworks Solutions by 5.4% during the 4th quarter. TD Asset Management Inc. now owns 193,557 shares of the semiconductor manufacturer’s stock valued at $12,972,000 after buying an additional 9,871 shares in the last quarter. BB&T Securities LLC increased its holdings in Skyworks Solutions by 7.1% during the 4th quarter. BB&T Securities LLC now owns 26,615 shares of the semiconductor manufacturer’s stock worth $1,783,000 after acquiring an additional 1,760 shares during the period. Finally, Alps Advisors Inc. increased its holdings in Skyworks Solutions by 5.1% during the 4th quarter. Alps Advisors Inc. now owns 6,242 shares of the semiconductor manufacturer’s stock worth $418,000 after acquiring an additional 301 shares during the period. Institutional investors and hedge funds own 81.08% of the company’s stock.

Shares of NASDAQ:SWKS traded down $1.24 during trading on Wednesday, reaching $72.73. The company had a trading volume of 49,913 shares, compared to its average volume of 2,095,187. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.22 and a beta of 0.92. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $103.95.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The firm had revenue of $810.40 million for the quarter, compared to analyst estimates of $809.52 million. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, research analysts forecast that Skyworks Solutions Inc will post 5.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s payout ratio is 22.93%.

In related news, CTO Peter L. Gammel sold 2,250 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $77.43, for a total transaction of $174,217.50. Following the transaction, the chief technology officer now owns 11,490 shares of the company’s stock, valued at approximately $889,670.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David J. Aldrich sold 5,000 shares of the stock in a transaction on Friday, March 29th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the director now directly owns 205,922 shares in the company, valued at approximately $16,768,228.46. The disclosure for this sale can be found here. Insiders sold a total of 111,964 shares of company stock worth $9,787,005 in the last three months. Insiders own 0.64% of the company’s stock.

SWKS has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of Skyworks Solutions to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. B. Riley decreased their target price on shares of Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. MKM Partners decreased their target price on shares of Skyworks Solutions to $90.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Canaccord Genuity upped their target price on shares of Skyworks Solutions from $84.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Hold” and a consensus price target of $87.40.

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Skyworks Solutions Profile

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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