Holocene Advisors LP Lowers Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Holocene Advisors LP trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 45.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,747 shares of the semiconductor manufacturer’s stock after selling 30,198 shares during the quarter. Holocene Advisors LP’s holdings in Skyworks Solutions were worth $3,630,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers lifted its stake in Skyworks Solutions by 472.5% in the first quarter. Cetera Investment Advisers now owns 43,084 shares of the semiconductor manufacturer’s stock worth $4,667,000 after acquiring an additional 35,558 shares during the period. Cetera Advisors LLC boosted its stake in shares of Skyworks Solutions by 29.0% during the first quarter. Cetera Advisors LLC now owns 10,462 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after purchasing an additional 2,349 shares in the last quarter. CWM LLC increased its holdings in Skyworks Solutions by 19.0% during the second quarter. CWM LLC now owns 6,820 shares of the semiconductor manufacturer’s stock valued at $727,000 after buying an additional 1,089 shares during the period. Valeo Financial Advisors LLC bought a new position in Skyworks Solutions in the second quarter worth approximately $205,000. Finally, Symmetry Partners LLC purchased a new stake in Skyworks Solutions during the second quarter worth $216,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SWKS shares. Piper Sandler cut their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Craig Hallum decreased their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Susquehanna reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Morgan Stanley dropped their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $86.42 on Friday. The firm has a market capitalization of $13.82 billion, a P/E ratio of 23.36, a PEG ratio of 1.93 and a beta of 1.19. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The stock has a 50-day simple moving average of $91.84 and a two-hundred day simple moving average of $99.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. Skyworks Solutions’s payout ratio is 75.68%.

About Skyworks Solutions

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.