Farmers & Merchants Trust Co of Chambersburg PA reduced its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 67.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,060 shares of the semiconductor manufacturer’s stock after selling 8,350 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Skyworks Solutions were worth $335,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SWKS. Oregon Public Employees Retirement Fund lifted its stake in Skyworks Solutions by 6,143.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 2,689,698 shares in the last quarter. Norges Bank purchased a new position in Skyworks Solutions in the 4th quarter worth approximately $121,517,000. Congress Asset Management Co. MA lifted its stake in Skyworks Solutions by 1,249.8% in the 4th quarter. Congress Asset Management Co. MA now owns 978,386 shares of the semiconductor manufacturer’s stock worth $65,571,000 after purchasing an additional 905,902 shares in the last quarter. DNB Asset Management AS lifted its stake in Skyworks Solutions by 2,998.1% in the 4th quarter. DNB Asset Management AS now owns 781,216 shares of the semiconductor manufacturer’s stock worth $52,357,000 after purchasing an additional 756,000 shares in the last quarter. Finally, FMR LLC lifted its stake in Skyworks Solutions by 49.6% in the 4th quarter. FMR LLC now owns 2,146,909 shares of the semiconductor manufacturer’s stock worth $143,886,000 after purchasing an additional 712,274 shares in the last quarter. 82.53% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, February 8th. The shares were sold at an average price of $81.05, for a total transaction of $243,150.00. Following the completion of the sale, the director now directly owns 203,922 shares of the company’s stock, valued at approximately $16,527,878.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Liam Griffin sold 19,083 shares of Skyworks Solutions stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $85.12, for a total transaction of $1,624,344.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,501 shares of company stock valued at $5,505,448. Corporate insiders own 0.64% of the company’s stock.

A number of research analysts have weighed in on SWKS shares. Needham & Company LLC decreased their target price on shares of Skyworks Solutions to $77.00 and set a “sell” rating on the stock in a research note on Thursday, January 3rd. They noted that the move was a valuation call. ValuEngine lowered shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research note on Friday, January 4th. Nomura downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $100.00 to $70.00 in a report on Friday, January 4th. JPMorgan Chase & Co. set a $80.00 price target on shares of Skyworks Solutions and gave the stock a “hold” rating in a report on Friday, January 4th. Finally, Oppenheimer restated a “market perform” rating and set a $110.00 price target on shares of Skyworks Solutions in a report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $93.00.

Shares of NASDAQ:SWKS traded down $1.09 during trading on Monday, hitting $89.59. The company’s stock had a trading volume of 16,625 shares, compared to its average volume of 1,577,833. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $104.20.

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

Skyworks Solutions announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, February 26th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, February 25th. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.93%.

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Skyworks Solutions 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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