Dakota Wealth Management Lowers Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dakota Wealth Management trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 18.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,421 shares of the semiconductor manufacturer’s stock after selling 1,865 shares during the quarter. Dakota Wealth Management’s holdings in Skyworks Solutions were worth $747,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Forsta AP Fonden grew its position in Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after purchasing an additional 7,900 shares during the period. Versor Investments LP boosted its stake in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares during the period. Van ECK Associates Corp boosted its position in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after acquiring an additional 325,672 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of Skyworks Solutions in the third quarter worth about $1,570,000. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SWKS. Craig Hallum cut their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Mizuho reduced their price target 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. Barclays lowered 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. JPMorgan Chase & Co. reduced their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Citigroup increased their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $101.12.

Skyworks Solutions Stock Down 1.4 %

NASDAQ:SWKS opened at $91.20 on Friday. 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 1-year low of $82.13 and a 1-year high of $120.86. The company has a 50-day moving average of $89.31 and a 200 day moving average of $97.27. The firm has a market cap of $14.58 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15.

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

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction 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. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

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.