ARGA Investment Management LP Reduces Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

ARGA Investment Management LP cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 57.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,186 shares of the semiconductor manufacturer’s stock after selling 175,113 shares during the quarter. Skyworks Solutions comprises approximately 0.4% of ARGA Investment Management LP’s investment portfolio, making the stock its 27th biggest position. ARGA Investment Management LP owned about 0.08% of Skyworks Solutions worth $11,634,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Resonant Capital Advisors LLC increased its position in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Skyworks Solutions by 31.4% in the 4th quarter. CENTRAL TRUST Co now owns 2,738 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 654 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Skyworks Solutions by 16.7% in the 4th quarter. DAVENPORT & Co LLC now owns 28,525 shares of the semiconductor manufacturer’s stock worth $2,522,000 after acquiring an additional 4,089 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Skyworks Solutions by 5.0% during the 4th quarter. Capital Insight Partners LLC now owns 32,534 shares of the semiconductor manufacturer’s stock worth $2,885,000 after purchasing an additional 1,555 shares during the period. Finally, Caprock Group LLC increased its holdings in Skyworks Solutions by 87.5% in the 4th quarter. Caprock Group LLC now owns 4,154 shares of the semiconductor manufacturer’s stock valued at $368,000 after purchasing an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Barclays dropped 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. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, 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 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $101.12.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $86.37 on Wednesday. The stock’s 50-day simple moving average is $89.79 and its 200-day simple moving average is $95.79. The firm has a market capitalization of $13.88 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

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.