Franklin Resources Inc. Has $15.30 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Franklin Resources Inc. decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,318 shares of the semiconductor manufacturer’s stock after selling 21,988 shares during the period. Franklin Resources Inc. owned 0.10% of Skyworks Solutions worth $15,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Skyworks Solutions by 5.6% during the second quarter. Institute for Wealth Management LLC. now owns 6,298 shares of the semiconductor manufacturer’s stock worth $671,000 after acquiring an additional 336 shares in the last quarter. AMG National Trust Bank raised its position in Skyworks Solutions by 7.7% during the second quarter. AMG National Trust Bank now owns 38,448 shares of the semiconductor manufacturer’s stock worth $4,098,000 after acquiring an additional 2,763 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Skyworks Solutions by 8.2% in the second quarter. Raymond James Trust N.A. now owns 4,358 shares of the semiconductor manufacturer’s stock valued at $464,000 after acquiring an additional 332 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Skyworks Solutions by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,236,681 shares of the semiconductor manufacturer’s stock valued at $131,805,000 after acquiring an additional 6,066 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

SWKS has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a report on Wednesday, November 13th. Barclays reduced their target price on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $88.75 on Friday. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.01 and a beta of 1.19. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a fifty day moving average price of $90.05 and a 200-day moving average price of $99.29.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. As a group, equities analysts anticipate 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 will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.15%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,520 shares of company stock worth $2,083,803 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Company 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.