Bank Hapoalim BM Trims Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank Hapoalim BM reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,535 shares of the semiconductor manufacturer’s stock after selling 586 shares during the quarter. Bank Hapoalim BM’s holdings in Skyworks Solutions were worth $402,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho reduced their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Susquehanna cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Piper Sandler cut their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Craig Hallum cut their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $101.12.

Insider Buying and Selling

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

Skyworks Solutions Price Performance

Shares of SWKS opened at $86.37 on Wednesday. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.96 and a beta of 1.14. The stock has a 50 day moving average of $89.79 and a 200-day moving average of $95.79. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The company 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%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 EPS. As a group, analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

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

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.