Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Lessened by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,503 shares of the semiconductor manufacturer’s stock after selling 770 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Skyworks Solutions were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Inc. raised its holdings in Skyworks Solutions by 2.2% during the fourth quarter. Howard Capital Management Inc. now owns 34,019 shares of the semiconductor manufacturer’s stock valued at $3,017,000 after buying an additional 745 shares in the last quarter. TCW Group Inc. bought a new position in Skyworks Solutions during the fourth quarter valued at about $1,376,000. Drum Hill Capital LLC bought a new position in Skyworks Solutions during the fourth quarter valued at about $1,875,000. Paradigm Asset Management Co. LLC bought a new position in Skyworks Solutions during the fourth quarter valued at about $337,000. Finally, Handelsbanken Fonder AB raised its holdings in Skyworks Solutions by 60.0% during the fourth quarter. Handelsbanken Fonder AB now owns 129,780 shares of the semiconductor manufacturer’s stock valued at $11,509,000 after buying an additional 48,644 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 0.2 %

NASDAQ SWKS opened at $67.21 on Monday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $84.49 and its two-hundred day moving average is $91.89. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Craig Hallum cut their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Piper Sandler cut their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Susquehanna lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $83.78.

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.