BlackRock Cuts Stake in Skyworks Solutions (SWKS)

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by Lindsey Francy Feb 4, 2023 News
BlackRock Cuts Stake in Skyworks Solutions (SWKS)

According to Fintel, BlackRock has filed a 13G form with the SEC that shows their ownership of Skyworks Solutions. This is a small percentage of the company.

They reported a decrease in shares and a decrease in total ownership in their previous filing.

The analyst price forecast suggests that the price will go down.

Skyworks Solutions has an average price target of $110.40 over the course of one year. The predictions ranged from a low of $85.85 to a high of $168.00. The average price target is a decrease from the most recent price.

Skyworks Solutions' revenue is expected to decrease by 5.44%. The earnings per share is expected to increase by 27.12%.

There is fund sentiment.

There are 1626 funds in Skyworks Solutions. This is a decrease in the number of owners.

The average portfolio weight of funds dedicated to US: SWKS is 0.2121%. In the last three months, the total shares owned by institutions increased.

Large shareholders are doing something.

SWKS / Skyworks Solutions Inc Ownership

The shares held by the VTSMX are 2.99% of the company's shares. The firm owned 4,734,196 shares, an increase of 1.29%. The firm decreased its holdings in SWKS.

2.90% of the company's stock is held by Vulcan Value Partners. In the previous filing, the firm reported an increase in their stock holdings. Over the last quarter, the firm increased its allocation to SWKS.

3,703,943 shares represent 2.31% of the company's stock. The firm reported that they owned 3,702,835 shares, which was a decrease of 0.05%. The firm decreased its holdings in SWKS.

The shares held by VFINX are 2.27% of the company's stock. The firm reported an increase of 2.05% in their previous filing. The firm decreased its holdings in SWKS.

2.15% of the company's shares are held by a management company. The firm reported owning 3,381,134 shares in the previous filing. The firm decreased its holdings in SWKS.

Skyworks declared a dividend.

Skyworks Solutions said on November 3, 2022 that its board of directors declared a regular quarterly dividend of $0.62 per share ($2.48 annualized). Shareholders of record as of November 21, 2022 received the payment on December 13, 2022. Previously, the company paid $0.62 per share.

At the current share price of $113.38 / share, the stock's dividend yield is 2.19%. Looking back five years and taking a sample every week, the average dividend yield has been 1.68%, the lowest has been 1.00%, and the highest has been 3.03%. The standard deviation of yields is 0.47 (n=236).

The current dividend yield is 1.08 standard deviations above the historical average.

The company'sPayout ratio is 0.31 A company's income is paid out in dividends. The company's income is paid in a dividend. The company dipping into savings in order to maintain its dividend is not a good thing. Companies with few growth prospects are more likely to pay out most of their income in dividends than are companies with more growth potential. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which means aPayout ratio of zero to 0.5

The company has increased its dividends over time.

Skyworks Solutions' background information.

The company gave this description.