Valley National Advisers Inc. Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Valley National Advisers Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,384 shares of the semiconductor manufacturer’s stock after selling 3,882 shares during the quarter. Valley National Advisers Inc.’s holdings in Skyworks Solutions were worth $1,718,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SWKS. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions in the third quarter valued at $27,000. Investors Research Corp increased its holdings in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $39,000. Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions during the third quarter worth approximately $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions in the third quarter valued at approximately $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Down 0.7 %

Shares of SWKS opened at $88.76 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The stock has a fifty day moving average of $89.84 and a two-hundred day moving average of $96.35. 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 company has a market capitalization of $14.27 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last released its 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. The firm 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 period in the prior year, the business posted $1.95 earnings per share. As a group, 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.15%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWKS. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Loop Capital initiated coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Susquehanna dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Citigroup increased their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Finally, Barclays reduced their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.12.

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.