Peterson Wealth Services Sells 23,519 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Peterson Wealth Services lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 95.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,104 shares of the semiconductor manufacturer’s stock after selling 23,519 shares during the quarter. Peterson Wealth Services’ holdings in Skyworks Solutions were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SWKS. Abich Financial Wealth Management LLC lifted its stake in Skyworks Solutions by 9.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares during the period. UMB Bank n.a. raised its holdings in shares of Skyworks Solutions by 8.7% during the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock worth $141,000 after purchasing an additional 115 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Skyworks Solutions by 2.2% during the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 121 shares during the last quarter. Waldron Private Wealth LLC lifted its position in Skyworks Solutions by 4.4% during the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 133 shares during the period. Finally, Arvest Investments Inc. boosted its holdings in Skyworks Solutions by 1.1% in the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock valued at $1,257,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS opened at $64.64 on Tuesday. The stock’s 50-day moving average price is $88.45 and its 200 day moving average price is $94.53. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.45 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SWKS shares. Susquehanna cut their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned 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 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.