Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Peterson Wealth Services

Peterson Wealth Services lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 95.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,104 shares of the semiconductor manufacturer’s stock after selling 23,519 shares during the quarter. Peterson Wealth Services’ holdings in Skyworks Solutions were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC increased its position in Skyworks Solutions by 9.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares during the period. UMB Bank n.a. boosted its holdings in shares of Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 115 shares in the last quarter. 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 acquiring an additional 121 shares during the period. Waldron Private Wealth LLC lifted its position in Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 133 shares during the period. Finally, Arvest Investments Inc. increased its position in Skyworks Solutions by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after purchasing an additional 133 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the topic of a number of recent analyst reports. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. 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 price target on the stock. Craig Hallum dropped their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $64.64 on Tuesday. The business’s 50-day moving average price is $88.45 and its 200 day moving average price is $94.53. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a market capitalization of $10.39 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14.

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%. On average, research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Skyworks Solutions Company 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.