Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Eukles Asset Management

Eukles Asset Management cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.6% in the 4th quarter, Holdings Channel reports. The fund owned 19,347 shares of the semiconductor manufacturer’s stock after selling 933 shares during the quarter. Eukles Asset Management’s holdings in Skyworks Solutions were worth $1,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions in the 3rd quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter valued at $28,000. Investors Research Corp boosted its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new stake in shares of Skyworks Solutions in the third quarter valued at about $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Piper Sandler dropped their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the company from $110.00 to $65.00 in a research note on Thursday. Finally, Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the stock from $105.00 to $62.00 in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $65.69 on Monday. The business’s 50-day simple moving average is $88.93 and its 200 day simple moving average is $94.86. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94. The company has a market cap of $10.56 billion, a P/E ratio of 20.15, a PEG ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted 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%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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 paid 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 yield of 4.26%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.