Pennsylvania Trust Co lowered its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 44.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,584 shares of the semiconductor manufacturer’s stock after selling 11,906 shares during the period. Pennsylvania Trust Co’s holdings in Skyworks Solutions were worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Strategic Financial Services Inc increased its holdings in Skyworks Solutions by 1.5% during the 4th quarter. Strategic Financial Services Inc now owns 55,024 shares of the semiconductor manufacturer’s stock valued at $3,688,000 after purchasing an additional 791 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Skyworks Solutions by 1.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 135,861 shares of the semiconductor manufacturer’s stock worth $8,997,000 after purchasing an additional 2,252 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Skyworks Solutions by 13.7% in the 3rd quarter. Nordea Investment Management AB now owns 153,613 shares of the semiconductor manufacturer’s stock worth $13,935,000 after purchasing an additional 18,513 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Skyworks Solutions by 43.5% in the 4th quarter. Norinchukin Bank The now owns 33,026 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Skyworks Solutions by 6.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 178,524 shares of the semiconductor manufacturer’s stock worth $14,725,000 after purchasing an additional 10,854 shares in the last quarter. 82.55% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:SWKS opened at $90.00 on Friday. The firm has a market capitalization of $15.57 billion, a PE ratio of 13.57, a P/E/G ratio of 1.37 and a beta of 0.68. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $104.20.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.71 by $0.12. The firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. Skyworks Solutions’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 EPS. As a group, research analysts anticipate that Skyworks Solutions Inc will post 6.01 earnings per share for the current fiscal year.

Skyworks Solutions announced that its board has approved a stock repurchase program on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently commented on SWKS. BMO Capital Markets boosted their price target on Skyworks Solutions to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, February 6th. BidaskClub raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. ValuEngine raised Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, January 11th. DA Davidson reissued a “positive” rating and issued a $95.00 price target on shares of Skyworks Solutions in a research report on Thursday, February 7th. Finally, TheStreet raised Skyworks Solutions from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.99.

In other news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $81.05, for a total value of $243,150.00. Following the completion of the sale, the director now directly owns 203,922 shares in the company, valued at approximately $16,527,878.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Liam Griffin sold 19,083 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $85.12, for a total value of $1,624,344.96. The disclosure for this sale can be found here. Insiders sold a total of 81,980 shares of company stock valued at $7,179,761 over the last 90 days. 0.64% of the stock is currently owned by company insiders.

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Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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