Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,121 shares of the semiconductor manufacturer’s stock after selling 1,355 shares during the period. Bank Hapoalim BM’s holdings in Skyworks Solutions were worth $506,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. BNP Paribas bought a new position in shares of Skyworks Solutions during the first quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions in the second quarter worth $27,000. Rothschild Investment LLC bought a new stake in Skyworks Solutions in the second quarter valued at $27,000. Access Investment Management LLC acquired a new position in shares of Skyworks Solutions during the first quarter valued at $31,000. Finally, Blue Trust Inc. grew its position in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 2.7 %

Shares of NASDAQ SWKS traded down $2.44 during mid-day trading on Thursday, hitting $87.55. 422,208 shares of the company traded hands, compared to its average volume of 2,345,343. The business has a 50 day moving average of $99.50 and a two-hundred day moving average of $101.29. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 4.32 and a beta of 1.20. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same period last year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Piper Sandler reduced their price objective on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Craig Hallum raised their target price on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Bank of America raised their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $109.88.

Insider Activity at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,341 shares of company stock worth $2,142,110. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Company 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.