Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,525 shares of the semiconductor manufacturer’s stock after selling 3,019 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Skyworks Solutions were worth $401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. Investors Research Corp increased its holdings 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 worth $34,000 after acquiring an additional 213 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $40,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Bank of America lowered their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Barclays lowered their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $67.19 on Friday. The business has a 50 day simple moving average of $78.73 and a 200 day simple moving average of $88.49. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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%. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

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.