American International Group Inc. Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

American International Group Inc. trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,793 shares of the semiconductor manufacturer’s stock after selling 379 shares during the quarter. American International Group Inc.’s holdings in Skyworks Solutions were worth $4,698,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP increased its position in shares of Skyworks Solutions by 93.7% during the fourth quarter. Quarry LP now owns 463 shares of the semiconductor manufacturer’s stock worth $52,000 after acquiring an additional 224 shares during the last quarter. FIL Ltd increased its holdings in Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after buying an additional 64,389 shares during the last quarter. Winslow Asset Management Inc. increased its holdings in Skyworks Solutions by 0.6% in the fourth quarter. Winslow Asset Management Inc. now owns 88,816 shares of the semiconductor manufacturer’s stock valued at $9,985,000 after buying an additional 504 shares during the last quarter. True Wealth Design LLC increased its holdings in Skyworks Solutions by 3.8% in the fourth quarter. True Wealth Design LLC now owns 7,390 shares of the semiconductor manufacturer’s stock valued at $831,000 after buying an additional 271 shares during the last quarter. Finally, Symmetry Investments LP increased its holdings in Skyworks Solutions by 46.1% in the fourth quarter. Symmetry Investments LP now owns 19,618 shares of the semiconductor manufacturer’s stock valued at $2,205,000 after buying an additional 6,186 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup lowered their price objective on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a report on Thursday, May 2nd. Wolfe Research lowered Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. Susquehanna reissued a “neutral” rating and issued a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $107.19.

Insider Buying and Selling

In other news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $106.38 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 4.96 and a beta of 1.24. The stock’s 50 day moving average price is $96.56 and its 200 day moving average price is $102.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.56%. Skyworks Solutions’s payout ratio is 51.13%.

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.