Skyworks Solutions, Inc. $SWKS Stock Sold by Ethic Inc.

Ethic Inc. trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 46.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,329 shares of the semiconductor manufacturer’s stock after selling 11,514 shares during the period. Ethic Inc.’s holdings in Skyworks Solutions were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in Skyworks Solutions by 29.9% in the 3rd quarter. Parallel Advisors LLC now owns 5,246 shares of the semiconductor manufacturer’s stock worth $448,000 after acquiring an additional 1,206 shares in the last quarter. Calamos Advisors LLC raised its position in Skyworks Solutions by 2.1% during the third quarter. Calamos Advisors LLC now owns 97,481 shares of the semiconductor manufacturer’s stock worth $8,333,000 after acquiring an additional 1,972 shares during the period. Kestra Advisory Services LLC lifted its holdings in Skyworks Solutions by 8.4% during the third quarter. Kestra Advisory Services LLC now owns 6,241 shares of the semiconductor manufacturer’s stock valued at $534,000 after purchasing an additional 481 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in Skyworks Solutions by 61.9% during the third quarter. Quest 10 Wealth Builders Inc. now owns 680 shares of the semiconductor manufacturer’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in shares of Skyworks Solutions by 57.6% in the third quarter. Chicago Partners Investment Group LLC now owns 16,135 shares of the semiconductor manufacturer’s stock valued at $1,346,000 after purchasing an additional 5,895 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWKS has been the subject of several research analyst reports. Zacks Research upgraded shares of Skyworks Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 4th. Barclays lowered Skyworks Solutions from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $70.00 to $79.00 in a research note on Thursday, November 5th. JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their price target on Skyworks Solutions from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.94.

Skyworks Solutions Price Performance

SWKS stock opened at $89.94 on Friday. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $93.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.01 and a quick ratio of 2.48. The firm has a market capitalization of $13.53 billion, a PE ratio of 78.90, a price-to-earnings-growth ratio of 1.53 and a beta of 1.51. The business has a 50 day simple moving average of $83.93 and a 200-day simple moving average of $68.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Skyworks Solutions had a return on equity of 9.70% and a net margin of 4.35%. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.02 earnings per share for the current fiscal year.

About Skyworks Solutions

Skyworks Solutions, Inc. designs and manufactures semiconductor products that connect people, devices and networks. Its portfolio includes radio-frequency (RF) components and other analog and mixed-signal solutions used to transmit, receive and process signals. The company’s products include amplifiers, filters, switches and integrated RF modules, as well as connectivity solutions. They are used in smartphones and other mobile devices, automotive systems, broadband equipment, wireless infrastructure and Internet of Things applications.