Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Holderness Investments Co.

Holderness Investments Co. lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,625 shares of the semiconductor manufacturer’s stock after selling 670 shares during the period. Holderness Investments Co.’s holdings in Skyworks Solutions were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in shares of Skyworks Solutions during the 3rd quarter worth about $380,000. OneDigital Investment Advisors LLC increased its position in Skyworks Solutions by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock worth $445,000 after purchasing an additional 263 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Skyworks Solutions in the 3rd quarter worth $41,000. Pathstone Holdings LLC boosted its holdings in Skyworks Solutions by 6.8% in the third quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock valued at $2,236,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Skyworks Solutions during the third quarter valued at about $219,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on SWKS. Citigroup lifted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Trading Down 2.4 %

NASDAQ:SWKS opened at $68.39 on Friday. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.99 billion, a PE ratio of 20.98, a P/E/G ratio of 1.79 and a beta of 1.18. The business’s 50 day moving average is $76.14 and its two-hundred day moving average is $87.02.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.09%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate 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.