Skyworks Solutions, Inc. (SWKS:NSD) is a semiconductor manufacturer that has recently seen changes in its share ownership. According to its most recent Form 13F filing with the SEC, Federated Hermes Inc. has lowered its position in Skyworks Solutions by 34.7% during the third quarter, selling 5,412 Skyworks stock shares and leaving the institutional investor with 10,181 shares worth $868,000 at the end of the reporting period.
In addition, other institutional investors such as LSV Asset Management and Moors & Cabot Inc. have also made changes to their positions in the company.
Skyworks Solutions insiders have been selling the company’s shares recently. However, the company has recently declared a share buyback plan and quarterly dividend, indicating its board of directors’ confidence in the company’s growth prospects.
Skyworks stock has a 52-week low of $76.16 and a 52-week high of $141.26, with a market capitalization of $17.69 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.90, a beta of 1.29.
The semiconductor manufacturer has reported a net margin of 22.33% and a return on equity of 28.65%. Skyworks Solutions had revenue of $1.33 billion for the quarter and is expected to post $8.22 earnings per share for the current year.
