Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Garrison Point Advisors LLC

Garrison Point Advisors LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,895 shares of the semiconductor manufacturer’s stock after selling 415 shares during the period. Garrison Point Advisors LLC’s holdings in Skyworks Solutions were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SWKS. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter valued at $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions during the 4th quarter valued at $33,000. Manchester Capital Management LLC boosted its stake in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter worth $56,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 7.0 %

Shares of Skyworks Solutions stock opened at $52.78 on Friday. Skyworks Solutions, Inc. has a 12-month low of $52.04 and a 12-month high of $120.86. The stock has a market capitalization of $8.28 billion, a P/E ratio of 16.19, a PEG ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $70.01 and a two-hundred day moving average price of $84.09.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.31%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Activity

In related news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost 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 accessible through this link. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Bank of America decreased their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions 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.