Brooklyn Investment Group Has $129,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Brooklyn Investment Group decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,458 shares of the semiconductor manufacturer’s stock after selling 202 shares during the quarter. Brooklyn Investment Group’s holdings in Skyworks Solutions were worth $129,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions in the 3rd quarter valued at approximately $27,000. Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% in the third 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. Matrix Trust Co bought a new stake in shares of Skyworks Solutions in the third quarter worth $39,000. Valley Wealth Managers Inc. acquired a new position in Skyworks Solutions during the third quarter worth $40,000. Finally, Quest Partners LLC bought a new position in Skyworks Solutions in the third quarter valued at $41,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SWKS. Craig Hallum cut their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock 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 on the stock in a report on Wednesday, November 13th. Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, Susquehanna decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.12.

Skyworks Solutions Trading Up 2.4 %

Shares of SWKS stock opened at $93.64 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 capitalization of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The firm has a 50 day moving average price of $88.57 and a two-hundred day moving average price of $97.65. 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 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 during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $1.95 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction that occurred 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 approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by 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.