Waldron Private Wealth LLC Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Waldron Private Wealth LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,942 shares of the semiconductor manufacturer’s stock after selling 240 shares during the period. Waldron Private Wealth LLC’s holdings in Skyworks Solutions were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SWKS. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions in the third quarter valued at $27,000. Investors Research Corp increased its position in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Matrix Trust Co purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $39,000. Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $40,000. Finally, Quest Partners LLC purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of recent research reports. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. B. Riley lowered their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Loop Capital assumed coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.12.

Skyworks Solutions Stock Down 0.7 %

NASDAQ SWKS opened at $88.76 on Monday. The stock has a market cap of $14.27 billion, a PE ratio of 23.99, a P/E/G ratio of 1.99 and a beta of 1.15. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The business has a 50 day moving average price of $89.84 and a two-hundred day moving average price of $96.21. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

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 firm had revenue of $1.03 billion during 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%. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

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.