ING Groep NV Has $2.11 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

ING Groep NV decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,361 shares of the semiconductor manufacturer’s stock after selling 229 shares during the period. ING Groep NV’s holdings in Skyworks Solutions were worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. grew its position in Skyworks Solutions by 30.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,388 shares of the semiconductor manufacturer’s stock worth $433,000 after purchasing an additional 1,022 shares during the last quarter. Simmons Bank grew its position in Skyworks Solutions by 34.8% during the third quarter. Simmons Bank now owns 4,833 shares of the semiconductor manufacturer’s stock worth $477,000 after buying an additional 1,249 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Skyworks Solutions by 1.1% during the third quarter. Winslow Asset Management Inc. now owns 87,937 shares of the semiconductor manufacturer’s stock valued at $8,686,000 after acquiring an additional 969 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Skyworks Solutions by 2.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,559 shares of the semiconductor manufacturer’s stock valued at $43,514,000 after acquiring an additional 11,182 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $380,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.4 %

Shares of NASDAQ:SWKS opened at $83.69 on Friday. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The business’s 50-day moving average is $95.14 and its 200-day moving average is $100.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The firm’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. 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 3.35%. Skyworks Solutions’s payout ratio is 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Craig Hallum lowered their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities upped their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday. 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 stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $101.00.

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.