Crew Capital Management Ltd. Sells 4,023 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Crew Capital Management Ltd. lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 48.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,361 shares of the semiconductor manufacturer’s stock after selling 4,023 shares during the quarter. Crew Capital Management Ltd.’s holdings in Skyworks Solutions were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SWKS. Barclays PLC increased its position in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Skyworks Solutions by 52.0% during the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after acquiring an additional 775,470 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after acquiring an additional 713,636 shares in the last quarter. KBC Group NV increased its position in shares of Skyworks Solutions by 114.0% during the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock valued at $110,697,000 after acquiring an additional 664,874 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Skyworks Solutions by 40.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,715,181 shares of the semiconductor manufacturer’s stock valued at $152,102,000 after acquiring an additional 495,774 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Susquehanna cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, 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 report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Up 0.7 %

SWKS opened at $66.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm’s fifty day moving average is $81.17 and its 200 day moving average is $89.97. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 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.