GPS Wealth Strategies Group LLC Sells 316 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

GPS Wealth Strategies Group LLC lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,951 shares of the semiconductor manufacturer’s stock after selling 316 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Skyworks Solutions were worth $173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Skyworks Solutions by 13.5% during the second quarter. Cetera Investment Advisers now owns 48,911 shares of the semiconductor manufacturer’s stock worth $5,213,000 after purchasing an additional 5,827 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Skyworks Solutions in the second quarter valued at about $1,122,000. Czech National Bank raised its position in shares of Skyworks Solutions by 6.4% in the 3rd quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock valued at $3,213,000 after purchasing an additional 1,961 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Skyworks Solutions by 0.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 81,136 shares of the semiconductor manufacturer’s stock worth $8,014,000 after purchasing an additional 459 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Skyworks Solutions by 17.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,664 shares of the semiconductor manufacturer’s stock worth $362,000 after purchasing an additional 540 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SWKS shares. B. Riley decreased their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Morgan Stanley reduced their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, Piper Sandler decreased their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $101.12.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, 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 legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Down 4.0 %

NASDAQ SWKS opened at $85.22 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The stock has a market capitalization of $13.70 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. The stock has a fifty day moving average of $89.78 and a 200-day moving average of $95.98.

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, beating 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.29%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

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.