HB Wealth Management LLC Decreases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

HB Wealth Management LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,562 shares of the semiconductor manufacturer’s stock after selling 736 shares during the quarter. HB Wealth Management LLC’s holdings in Skyworks Solutions were worth $227,000 as of its most recent filing with the SEC.

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

Skyworks Solutions Price Performance

SWKS opened at $91.20 on Friday. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. 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 stock has a fifty day simple moving average of $89.31 and a two-hundred day simple moving average of $97.27.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly 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. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Morgan Stanley dropped their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. B. Riley reduced their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.12.

Check Out Our Latest Stock Report on Skyworks Solutions

Skyworks Solutions Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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