Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Eukles Asset Management

Eukles Asset Management reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,347 shares of the semiconductor manufacturer’s stock after selling 933 shares during the quarter. Eukles Asset Management’s holdings in Skyworks Solutions were worth $1,716,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SWKS. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at about $28,000. Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% during the third 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. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWKS. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America decreased their target price 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. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Up 0.1 %

NASDAQ SWKS opened at $65.69 on Monday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The firm has a 50 day simple moving average of $88.93 and a 200-day simple moving average of $94.86. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Skyworks Solutions Company 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.