Signaturefd LLC Reduces Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Signaturefd LLC decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,705 shares of the semiconductor manufacturer’s stock after selling 213 shares during the period. Signaturefd LLC’s holdings in Skyworks Solutions were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SWKS. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter worth about $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions during the 4th quarter worth about $33,000. Finally, Quest Partners LLC purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Down 1.7 %

Shares of SWKS stock opened at $67.25 on Friday. The stock has a market capitalization of $10.81 billion, a PE ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The business has a 50-day moving average of $75.68 and a 200 day moving average of $86.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.