Commonwealth Equity Services LLC Reduces Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commonwealth Equity Services LLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,254 shares of the semiconductor manufacturer’s stock after selling 19,587 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of Skyworks Solutions worth $10,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter valued at about $29,000. Investors Research Corp raised 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 valued at $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Skyworks Solutions during the 3rd quarter valued at approximately $41,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 0.4 %

SWKS stock opened at $70.88 on Wednesday. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. 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 market cap of $11.39 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The business has a 50 day moving average of $77.08 and a 200 day moving average of $87.27.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 3.95%. Skyworks Solutions’s dividend payout ratio is 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of a number of recent analyst reports. Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Bank of America lowered their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.78.

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.