Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.3% during the fourth quarter, Holdings Channel reports. The firm owned 51,583 shares of the semiconductor manufacturer’s stock after selling 5,317 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Skyworks Solutions were worth $4,574,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Unison Advisors LLC raised its holdings in shares of Skyworks Solutions by 0.6% in the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after buying an additional 110 shares during the period. Abich Financial Wealth Management LLC grew its position in Skyworks Solutions by 9.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares in the last quarter. UMB Bank n.a. increased its stake in Skyworks Solutions by 8.7% during the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock worth $141,000 after purchasing an additional 115 shares during the period. Empirical Finance LLC lifted its position in shares of Skyworks Solutions by 2.2% during the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 121 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its stake in shares of Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 133 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SWKS shares. B. Riley cut their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Barclays reduced their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, Craig Hallum lowered their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $101.12.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Down 1.4 %

SWKS opened at $91.20 on Friday. 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, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The business’s 50 day moving average is $89.31 and its two-hundred day moving average is $97.27. The firm 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.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion for 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%. The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 EPS. On average, research analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. Skyworks Solutions’s dividend payout ratio (DPR) is 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.