CX Institutional Has $329,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CX Institutional lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,709 shares of the semiconductor manufacturer’s stock after purchasing an additional 522 shares during the period. CX Institutional’s holdings in Skyworks Solutions were worth $329,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts recently weighed in on SWKS shares. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Mizuho decreased their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. 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 report on Wednesday, November 13th. Finally, Craig Hallum dropped 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. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.12.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $91.20 on Monday. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock’s 50 day moving average price is $89.31 and its two-hundred day moving average price is $97.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned $1.95 EPS. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is currently 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.