Salem Investment Counselors Inc. Sells 431 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Salem Investment Counselors Inc. lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,086 shares of the semiconductor manufacturer’s stock after selling 431 shares during the period. Salem Investment Counselors Inc.’s holdings in Skyworks Solutions were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWKS. Acadian Asset Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $219,000. American Century Companies Inc. increased its holdings in Skyworks Solutions by 5.7% during the second quarter. American Century Companies Inc. now owns 214,931 shares of the semiconductor manufacturer’s stock valued at $22,907,000 after buying an additional 11,643 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Skyworks Solutions by 5.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 44,631 shares of the semiconductor manufacturer’s stock valued at $4,714,000 after buying an additional 2,359 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in Skyworks Solutions by 8.6% during the second quarter. Meeder Advisory Services Inc. now owns 4,056 shares of the semiconductor manufacturer’s stock valued at $432,000 after buying an additional 320 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Skyworks Solutions by 8.1% in the second quarter. Federated Hermes Inc. now owns 16,823 shares of the semiconductor manufacturer’s stock worth $1,793,000 after acquiring an additional 1,264 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions 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 completion of the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SWKS shares. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Susquehanna reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday. Piper Sandler decreased their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, Craig Hallum dropped their price target 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 analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.71.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $90.34 on Tuesday. The firm has a fifty day simple moving average of $88.38 and a two-hundred day simple moving average of $98.00. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14.45 billion, a P/E ratio of 24.42, a PEG ratio of 2.01 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data 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 company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. On average, analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.10%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

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.