LifePlan Financial LLC Has $323,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

LifePlan Financial LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,641 shares of the semiconductor manufacturer’s stock after selling 135 shares during the period. LifePlan Financial LLC’s holdings in Skyworks Solutions were worth $323,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter valued at approximately $27,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the third quarter worth $39,000. Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions in the 3rd quarter worth about $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the 3rd quarter valued at about $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $93.64 on Tuesday. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.07 and a beta of 1.15. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company’s fifty day moving average is $88.68 and its 200 day moving average is $97.53. 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 issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.71% and a net margin of 14.27%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Analyst Ratings Changes

Several brokerages recently issued reports on SWKS. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. B. Riley reduced their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Citigroup increased their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Finally, Loop Capital assumed coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.12.

Skyworks Solutions Company 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.