M&T Bank Corp Has $1.12 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

M&T Bank Corp lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% in the third quarter, Holdings Channel reports. The firm owned 11,368 shares of the semiconductor manufacturer’s stock after selling 258 shares during the period. M&T Bank Corp’s holdings in Skyworks Solutions were worth $1,123,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SWKS. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions during the second quarter worth $27,000. Innealta Capital LLC bought a new position in Skyworks Solutions during the second quarter worth about $27,000. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the third quarter valued at about $27,000. Blue Trust Inc. grew its stake in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the period. Finally, Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.5 %

Shares of Skyworks Solutions stock opened at $90.98 on Monday. The stock has a market cap of $14.55 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.01 and a beta of 1.19. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The business’s 50 day moving average is $90.59 and its 200-day moving average is $99.46.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction dated Monday, October 14th. The shares were 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 in the company, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,520 shares of company stock worth $2,083,803 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Craig Hallum decreased their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Citigroup lowered their target price on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a report on Wednesday, November 13th. Finally, 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. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.