Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,763 shares of the semiconductor manufacturer’s stock after selling 769 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Skyworks Solutions were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the 3rd quarter valued at about $27,000. Investors Research Corp raised its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares in the last quarter. Matrix Trust Co acquired a new stake in Skyworks Solutions in the 3rd quarter worth approximately $39,000. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions during the third quarter worth approximately $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWKS. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. B. Riley cut their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Barclays cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.12.

Skyworks Solutions Stock Performance

SWKS opened at $91.20 on Monday. The business has a 50 day moving average of $89.31 and a 200-day moving average of $97.11. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $1.95 EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

About Skyworks Solutions

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.