Capital Investment Advisors LLC Sells 17,448 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisors LLC trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 21.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,247 shares of the semiconductor manufacturer's stock after selling 17,448 shares during the quarter. Capital Investment Advisors LLC's holdings in Skyworks Solutions were worth $5,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $27,000. Investors Research Corp raised its stake 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. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the 3rd quarter valued at about $39,000. Valley Wealth Managers Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at $41,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $1.23 during trading hours on Tuesday, hitting $91.57. The company's stock had a trading volume of 1,905,523 shares, compared to its average volume of 2,254,110. The business has a 50 day simple moving average of $88.38 and a two-hundred day simple moving average of $98.00. 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 52-week low of $82.13 and a 52-week high of $120.86. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 2.01 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The firm's revenue was down 15.9% on a year-over-year basis. On average, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. Skyworks Solutions's dividend payout ratio (DPR) is currently 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company's stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SWKS shares. B. Riley decreased their price target on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Barclays reduced their target price on shares of Skyworks Solutions from $87.00 to $80.00 and set an "underweight" rating for the company in a research note on Wednesday, November 13th. Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Finally, Mizuho reduced their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Three research 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.com, the company has a consensus rating of "Hold" and an average price target of $101.71.

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.