Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 23.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,745 shares of the semiconductor manufacturer’s stock after selling 830 shares during the quarter. Compass Wealth Management LLC’s holdings in Skyworks Solutions were worth $297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AXQ Capital LP purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $789,000. State of Tennessee Treasury Department grew its holdings in shares of Skyworks Solutions by 152.8% during the 4th quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock worth $13,373,000 after purchasing an additional 71,899 shares during the period. Highland Capital Management LLC grew its holdings in shares of Skyworks Solutions by 91.4% during the 4th quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock worth $4,785,000 after purchasing an additional 20,330 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth about $10,053,000. Finally, FIL Ltd grew its holdings in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $106.46 on Thursday. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $96.44 and its two-hundred day moving average price is $102.57. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The stock has a market cap of $17.08 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.99 and a beta of 1.24.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Insider Buying and Selling

In related news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Susquehanna restated a “neutral” rating and issued a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Mizuho dropped their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $106.25.

Skyworks Solutions 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.