Everence Capital Management Inc. Makes New $204,000 Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Everence Capital Management Inc. bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the fourth quarter, Holdings Channel.com reports. The firm bought 2,300 shares of the semiconductor manufacturer’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Skyworks Solutions by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after purchasing an additional 176,070 shares in the last quarter. Vulcan Value Partners LLC lifted its position in Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after buying an additional 1,262,964 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after buying an additional 28,009 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after buying an additional 1,233,618 shares during the period. Finally, FMR LLC increased its stake in shares of Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after acquiring an additional 182,130 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SWKS shares. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Piper Sandler dropped 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. Susquehanna reduced 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. Craig Hallum dropped their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Morgan Stanley reduced their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $101.00.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,520 shares of company stock worth $2,083,803. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $92.63 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.01 and a beta of 1.15. The business’s fifty day moving average price is $88.20 and its 200-day moving average price is $98.37.

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

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

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.