Fifth Third Bancorp Has $1.92 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Fifth Third Bancorp decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,699 shares of the semiconductor manufacturer’s stock after selling 1,529 shares during the period. Fifth Third Bancorp’s holdings in Skyworks Solutions were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Forsta AP Fonden lifted its holdings in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after acquiring an additional 7,900 shares during the last quarter. Versor Investments LP lifted its stake in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after purchasing an additional 10,658 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after buying an additional 325,672 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after buying an additional 6,151 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at $1,570,000. 85.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Up 0.2 %

NASDAQ:SWKS opened at $89.81 on Wednesday. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.03 and a beta of 1.15. The firm has a fifty day simple moving average of $89.55 and a two-hundred day simple moving average of $96.81.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. Analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is 75.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SWKS shares. Mizuho lowered their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. Barclays cut their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Craig Hallum cut their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.12.

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.