Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by AMG National Trust Bank

AMG National Trust Bank decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,726 shares of the semiconductor manufacturer’s stock after selling 2,269 shares during the period. AMG National Trust Bank’s holdings in Skyworks Solutions were worth $3,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $3,631,000. E Fund Management Co. Ltd. boosted its position in shares of Skyworks Solutions by 41.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 3,255 shares of the semiconductor manufacturer’s stock worth $289,000 after purchasing an additional 957 shares during the period. Raymond James Financial Inc. acquired a new stake in Skyworks Solutions in the 4th quarter valued at approximately $7,947,000. Arizona State Retirement System raised its position in Skyworks Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 46,378 shares of the semiconductor manufacturer’s stock valued at $4,113,000 after purchasing an additional 410 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Skyworks Solutions during the fourth quarter worth $2,509,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $72.61 on Friday. 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, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The firm’s 50 day moving average is $80.24 and its two-hundred day moving average is $89.65. The firm has a market capitalization of $11.67 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company 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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SWKS shares. The Goldman Sachs Group dropped their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Bank of America dropped their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Finally, Susquehanna reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value 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. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.