Strategic Investment Advisors MI Trims Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Strategic Investment Advisors MI lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,307 shares of the semiconductor manufacturer’s stock after selling 117 shares during the quarter. Strategic Investment Advisors MI’s holdings in Skyworks Solutions were worth $471,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in shares of Skyworks Solutions by 78.0% in the second quarter. Public Sector Pension Investment Board now owns 6,148 shares of the semiconductor manufacturer’s stock worth $655,000 after acquiring an additional 2,694 shares during the period. MBB Public Markets I LLC purchased a new stake in Skyworks Solutions in the second quarter valued at $987,000. The Manufacturers Life Insurance Company grew its position in Skyworks Solutions by 43.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 146,968 shares of the semiconductor manufacturer’s stock worth $15,664,000 after purchasing an additional 44,662 shares during the period. Creative Planning raised its stake in shares of Skyworks Solutions by 1.4% during the 2nd quarter. Creative Planning now owns 144,602 shares of the semiconductor manufacturer’s stock valued at $15,412,000 after buying an additional 2,026 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $702,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Piper Sandler dropped their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.12.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business’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 sale, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $89.59 on Tuesday. The stock’s fifty day moving average is $89.43 and its two-hundred day moving average is $96.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The firm has a market capitalization of $14.33 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86.

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

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

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.