BlackRock Amends Skyworks Solutions Stake as of Dec 31, 2023
Ticker: SWKS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 4127
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**BlackRock updated its Skyworks Solutions stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in their beneficial ownership of Skyworks Solutions Inc. common stock as of December 31, 2023. This update, filed under Rule 13d-1(b), signals that BlackRock, a major institutional investor, has adjusted its stake in the semiconductor company. For investors, this matters because large institutional ownership changes can influence stock price and reflect a major player's updated view on the company's future prospects.
Why It Matters
This filing shows BlackRock's updated position in Skyworks Solutions, which can signal institutional sentiment and potentially impact investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in ownership percentage.
Analyst Insight
An investor should review the full SC 13G/A filing to determine the exact change in BlackRock's beneficial ownership percentage and then consider this information in the context of Skyworks Solutions' recent performance and future outlook.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Skyworks Solutions Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A amendment was filed
- Rule 13d-1(b) (other) — the SEC rule under which the filing was made
Forward-Looking Statements
- BlackRock's updated ownership percentage in Skyworks Solutions will be disclosed in the full filing, potentially revealing an increase or decrease in their stake. (BlackRock Inc.) — high confidence, target: N/A
- The market may react to the specific change in BlackRock's ownership, with a significant increase potentially seen as bullish and a significant decrease as bearish. (Skyworks Solutions Inc.) — medium confidence, target: N/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section and the title 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section of the filing.
What is the subject company whose securities are being reported?
The subject company is SKYWORKS SOLUTIONS, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SKYWORKS SOLUTIONS, INC.' and 'SKYWORKS SOLUTIONS INC (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which specific rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SKYWORKS SOLUTIONS, INC. (SWKS).