Howe & Rusling Inc. Has $2.51 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Howe & Rusling Inc. cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,437 shares of the semiconductor manufacturer’s stock after selling 4,552 shares during the period. Howe & Rusling Inc.’s holdings in Skyworks Solutions were worth $2,512,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of Skyworks Solutions by 23.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,653 shares of the semiconductor manufacturer’s stock worth $396,000 after buying an additional 689 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Skyworks Solutions in the 1st quarter valued at $38,688,000. Bessemer Group Inc. boosted its holdings in Skyworks Solutions by 39.8% in the 1st quarter. Bessemer Group Inc. now owns 14,926 shares of the semiconductor manufacturer’s stock valued at $1,617,000 after purchasing an additional 4,246 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Skyworks Solutions in the 1st quarter worth $347,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Skyworks Solutions by 14.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,411 shares of the semiconductor manufacturer’s stock worth $4,594,000 after purchasing an additional 5,411 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 20.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,841 shares of company stock worth $3,034,265. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SWKS. Citigroup decreased their target price on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research report on Wednesday, November 13th. Piper Sandler decreased their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Finally, Mizuho dropped their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Trading Down 0.5 %

Shares of SWKS opened at $83.56 on Wednesday. The stock’s fifty day simple moving average is $94.50 and its 200-day simple moving average is $100.13. The firm has a market capitalization of $13.36 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a quick ratio of 2.19, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $1.95 EPS. The company’s revenue was down 15.9% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

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.