Wilmington Savings Fund Society FSB Sells 3,896 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wilmington Savings Fund Society FSB trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,888 shares of the semiconductor manufacturer’s stock after selling 3,896 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Skyworks Solutions were worth $5,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $28,000. Investors Research Corp increased its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions in the 3rd quarter worth about $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 0.1 %

Shares of SWKS opened at $65.69 on Friday. The firm has a market cap of $10.56 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The stock has a 50 day simple moving average of $88.93 and a two-hundred day simple moving average of $94.99.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.26%. Skyworks Solutions’s payout ratio is currently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Susquehanna lowered their target price on 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 lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Craig Hallum cut their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s 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 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 transaction 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.

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.