Strategic Investment Advisors MI Cuts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Strategic Investment Advisors MI lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,307 shares of the semiconductor manufacturer’s stock after selling 117 shares during the period. Strategic Investment Advisors MI’s holdings in Skyworks Solutions were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board lifted its stake in Skyworks Solutions by 78.0% in the second quarter. Public Sector Pension Investment Board now owns 6,148 shares of the semiconductor manufacturer’s stock worth $655,000 after acquiring an additional 2,694 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth $987,000. The Manufacturers Life Insurance Company grew its stake in shares of Skyworks Solutions by 43.7% during the second quarter. The Manufacturers Life Insurance Company now owns 146,968 shares of the semiconductor manufacturer’s stock worth $15,664,000 after purchasing an additional 44,662 shares in the last quarter. Creative Planning boosted its position in shares of Skyworks Solutions by 1.4% during the 2nd quarter. Creative Planning now owns 144,602 shares of the semiconductor manufacturer’s stock worth $15,412,000 after acquiring an additional 2,026 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $702,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on SWKS. Susquehanna cut their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Mizuho decreased their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Piper Sandler cut their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $101.12.

Skyworks Solutions Trading Down 1.8 %

Shares of SWKS opened at $89.59 on Tuesday. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.33 billion, a P/E ratio of 24.21, a PEG ratio of 2.03 and a beta of 1.15. The firm’s 50-day moving average is $89.43 and its two-hundred day moving average is $96.97.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 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.