Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,942 shares of the semiconductor manufacturer’s stock after selling 240 shares during the quarter. Waldron Private Wealth LLC’s holdings in Skyworks Solutions were worth $261,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Unison Advisors LLC increased its stake in Skyworks Solutions by 0.6% during the third quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock worth $1,717,000 after purchasing an additional 110 shares during the period. Abich Financial Wealth Management LLC increased its stake in Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock worth $131,000 after purchasing an additional 112 shares during the period. 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 increased its stake 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 buying an additional 121 shares during the period. Finally, Arvest Investments Inc. increased its stake in shares of Skyworks Solutions by 1.1% during the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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 transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $88.76 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The stock has a fifty day moving average price of $89.84 and a 200 day moving average price of $96.21. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a market cap of $14.27 billion, a PE ratio of 23.99, a P/E/G ratio of 1.99 and a beta of 1.15.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Analyst Ratings Changes

A number of research firms recently weighed in on SWKS. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Mizuho cut their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Loop Capital began coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. 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. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $101.12.

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.