PSI Advisors LLC Sells 2,670 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

PSI Advisors LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,822 shares of the semiconductor manufacturer’s stock after selling 2,670 shares during the period. PSI Advisors LLC’s holdings in Skyworks Solutions were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City Center Advisors LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $250,000. Matrix Trust Co boosted its position in shares of Skyworks Solutions by 696.9% in the fourth quarter. Matrix Trust Co now owns 3,108 shares of the semiconductor manufacturer’s stock valued at $276,000 after acquiring an additional 2,718 shares during the period. Czech National Bank increased its position in Skyworks Solutions by 6.4% during the fourth quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer’s stock worth $3,071,000 after acquiring an additional 2,095 shares during the period. Ridgewood Investments LLC acquired a new stake in Skyworks Solutions in the 4th quarter worth about $60,000. Finally, Diversified Trust Co raised its stake in Skyworks Solutions by 64.7% in the 4th quarter. Diversified Trust Co now owns 4,169 shares of the semiconductor manufacturer’s stock worth $370,000 after purchasing an additional 1,637 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 0.2 %

Shares of Skyworks Solutions stock opened at $90.34 on Tuesday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.01 and a beta of 1.15. The stock’s 50-day moving average is $88.38 and its 200 day moving average is $98.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Mizuho decreased their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Craig Hallum reduced their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, B. Riley dropped their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.71.

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.