MMA Asset Management LLC Sells 2,216 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

MMA Asset Management LLC lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 42.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the semiconductor manufacturer’s stock after selling 2,216 shares during the period. MMA Asset Management LLC’s holdings in Skyworks Solutions were worth $265,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stephens Inc. AR lifted its holdings in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after purchasing an additional 372 shares in the last quarter. Versor Investments LP lifted its holdings in shares of Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after purchasing an additional 10,658 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after purchasing an additional 57,146 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 4.0 %

SWKS stock opened at $66.66 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $10.71 billion, a PE ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The business’s 50 day simple moving average is $82.15 and its 200 day simple moving average is $90.66.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 net margin of 13.02% and a return on equity of 12.60%. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.20%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Loop Capital assumed coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Morgan Stanley cut their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group cut their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.