B. Riley Wealth Advisors Inc. Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

B. Riley Wealth Advisors Inc. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,725 shares of the semiconductor manufacturer’s stock after selling 383 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Skyworks Solutions were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after buying an additional 123,564 shares in the last quarter. FIL Ltd grew its position in shares of Skyworks Solutions by 2.4% during the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at about $302,309,000. Norges Bank purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at about $226,266,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Skyworks Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock valued at $203,093,000 after purchasing an additional 185,355 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Rosenblatt Securities cut their price objective on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Finally, TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $90.00 in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.19.

Skyworks Solutions Stock Down 1.2 %

Shares of NASDAQ SWKS opened at $106.14 on Thursday. The firm has a 50-day simple moving average of $96.98 and a two-hundred day simple moving average of $102.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a market cap of $17.03 billion, a P/E ratio of 19.95, a PEG ratio of 5.11 and a beta of 1.24.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.05 billion. Research analysts anticipate that Skyworks Solutions, Inc. will post 5.14 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Activity

In other news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

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.