Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 41.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 773 shares of the semiconductor manufacturer’s stock after selling 547 shares during the period. Blue Trust Inc.’s holdings in Skyworks Solutions were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SWKS. Abich Financial Wealth Management LLC raised its position in shares of Skyworks Solutions by 9.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares in the last quarter. Empirical Finance LLC raised its position in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after acquiring an additional 121 shares in the last quarter. Arvest Investments Inc. raised its position in shares of Skyworks Solutions by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after acquiring an additional 133 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after acquiring an additional 142 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after acquiring an additional 143 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on SWKS. Bank of America dropped their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Craig Hallum lowered their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Susquehanna lowered their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Down 0.2 %

Shares of SWKS stock opened at $67.21 on Monday. The stock has a 50-day simple moving average of $84.49 and a 200 day simple moving average of $91.89. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a market capitalization of $10.80 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is 85.89%.

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.