Rowlandmiller & PARTNERS.ADV Sells 770 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rowlandmiller & PARTNERS.ADV lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,503 shares of the semiconductor manufacturer’s stock after selling 770 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Skyworks Solutions were worth $2,084,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SWKS. Blue Trust Inc. raised its stake in shares of Skyworks Solutions by 292.9% in the third quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 984 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 15.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock worth $255,000 after purchasing an additional 338 shares during the last quarter. International Assets Investment Management LLC raised its position in Skyworks Solutions by 6,598.9% in the 3rd quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock worth $19,287,000 after purchasing an additional 192,359 shares during the last quarter. Mediolanum International Funds Ltd raised its position in Skyworks Solutions by 6.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 41,735 shares of the semiconductor manufacturer’s stock worth $4,119,000 after purchasing an additional 2,611 shares during the last quarter. Finally, Outlook Wealth Advisors LLC raised its position in Skyworks Solutions by 6.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 3,388 shares of the semiconductor manufacturer’s stock worth $335,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $67.21 on Monday. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $84.49 and a 200-day moving average of $91.89.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced 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 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

About Skyworks Solutions

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.