First Horizon Advisors Inc. Lowers Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

First Horizon Advisors Inc. lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 48,186 shares of the semiconductor manufacturer’s stock after selling 8,324 shares during the period. First Horizon Advisors Inc.’s holdings in Skyworks Solutions were worth $4,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at approximately $28,000. Investors Research Corp lifted its stake 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 purchasing an additional 213 shares during the period. Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions during the third quarter worth $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions during the third quarter valued at $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Susquehanna decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Piper Sandler reduced their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Barclays dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s 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 Trading Down 0.2 %

Shares of SWKS stock opened at $67.21 on Monday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company’s 50-day moving average price is $84.49 and its 200-day moving average price is $91.89. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted 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, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.17%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Skyworks Solutions Company 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.