Anchor Investment Management LLC Sells 536 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Anchor Investment Management LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,803 shares of the semiconductor manufacturer’s stock after selling 536 shares during the period. Anchor Investment Management LLC’s holdings in Skyworks Solutions were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the second quarter valued at $27,000. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $27,000. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $27,000. Blue Trust Inc. grew its position in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Finally, Investors Research Corp increased its stake in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.5 %

Shares of NASDAQ SWKS opened at $90.98 on Friday. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The stock’s fifty day simple moving average is $90.59 and its two-hundred day simple moving average is $99.34. The stock has a market capitalization of $14.55 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.08%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated 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. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,520 shares of company stock valued at $2,083,803. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Loop Capital assumed coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, B. Riley cut their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.00.

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.