GPS Wealth Strategies Group LLC Has $173,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

GPS Wealth Strategies Group LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,951 shares of the semiconductor manufacturer’s stock after selling 316 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Skyworks Solutions were worth $173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions in the third quarter worth $27,000. Investors Research Corp grew its position in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions in the third quarter valued at about $39,000. Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new position in Skyworks Solutions during the 3rd quarter worth approximately $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several recent analyst reports. Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Barclays dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Craig Hallum decreased their target price 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. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.12.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $85.22 on Tuesday. 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 business has a 50 day moving average price of $89.78 and a 200-day moving average price of $95.98. The company has a market cap of $13.70 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by insiders.

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.