Schechter Investment Advisors LLC Decreases Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Schechter Investment Advisors LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,720 shares of the semiconductor manufacturer’s stock after selling 327 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Skyworks Solutions were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Plato Investment Management Ltd grew its holdings in Skyworks Solutions by 1,347.1% in the 4th quarter. Plato Investment Management Ltd now owns 3,010 shares of the semiconductor manufacturer’s stock worth $268,000 after acquiring an additional 2,802 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the fourth quarter worth about $29,000. Jones Financial Companies Lllp boosted its stake in Skyworks Solutions by 43.6% during the fourth quarter. Jones Financial Companies Lllp now owns 10,351 shares of the semiconductor manufacturer’s stock worth $918,000 after acquiring an additional 3,144 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Skyworks Solutions by 263.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,851 shares of the semiconductor manufacturer’s stock worth $164,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Keynote Financial Services LLC boosted its stake in Skyworks Solutions by 3.6% during the fourth quarter. Keynote Financial Services LLC now owns 14,943 shares of the semiconductor manufacturer’s stock worth $1,325,000 after acquiring an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Barclays cut their target price 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. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $66.93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm has a fifty day moving average price of $80.71 and a 200 day moving average price of $89.81. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by 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.