Orion Portfolio Solutions LLC Has $1.90 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Orion Portfolio Solutions LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,469 shares of the semiconductor manufacturer’s stock after selling 11,073 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Skyworks Solutions were worth $1,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Townsquare Capital LLC bought a new position in Skyworks Solutions during the third quarter worth $202,000. Public Sector Pension Investment Board boosted its position in shares of Skyworks Solutions by 11.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,848 shares of the semiconductor manufacturer’s stock worth $676,000 after purchasing an additional 700 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Skyworks Solutions by 23.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 26,783 shares of the semiconductor manufacturer’s stock valued at $2,646,000 after buying an additional 5,036 shares during the period. Captrust Financial Advisors raised its stake in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after buying an additional 6,151 shares during the period. Finally, Erste Asset Management GmbH bought a new position in Skyworks Solutions in the third quarter worth approximately $27,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $64.80 on Thursday. 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 business’s 50 day simple moving average is $71.49 and its 200 day simple moving average is $84.68. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Piper Sandler decreased their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.78.

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.