Chesley Taft & Associates LLC Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Chesley Taft & Associates LLC lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,795 shares of the semiconductor manufacturer's stock after selling 2,667 shares during the period. Chesley Taft & Associates LLC's holdings in Skyworks Solutions were worth $691,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Unison Advisors LLC increased its stake in shares of Skyworks Solutions by 0.6% in the third quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer's stock valued at $1,717,000 after buying an additional 110 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer's stock valued at $131,000 after purchasing an additional 112 shares during the last quarter. UMB Bank n.a. raised its position in Skyworks Solutions by 8.7% in the 3rd 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 lifted its holdings in Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer's stock worth $551,000 after buying an additional 121 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its position in shares of Skyworks Solutions by 4.4% during the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer's stock worth $314,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

SWKS has been the topic of a number of research reports. Mizuho cut their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Citigroup raised their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Loop Capital began coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a "hold" rating and a $90.00 price objective for the company. Susquehanna dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price target 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. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $101.12.

Skyworks Solutions Trading Down 2.1 %

SWKS stock traded down $1.96 during trading on Wednesday, hitting $92.00. The company had a trading volume of 2,774,142 shares, compared to its average volume of 2,267,334. The stock has a market cap of $14.71 billion, a PE ratio of 24.86, a PEG ratio of 2.07 and a beta of 1.15. The business has a 50-day moving average of $88.99 and a 200-day moving average of $97.41. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86.

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

Skyworks Solutions Announces Dividend

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. This represents a $2.80 annualized dividend and a yield of 3.04%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is currently 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.35% of the company's stock.

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.