Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 21.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,020 shares of the semiconductor manufacturer's stock after selling 11,488 shares during the period. Corient Private Wealth LLC's holdings in Skyworks Solutions were worth $3,727,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC lifted its stake in Skyworks Solutions by 1.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 21,803 shares of the semiconductor manufacturer's stock worth $1,933,000 after purchasing an additional 224 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Skyworks Solutions by 4.8% in the fourth quarter. Natixis Advisors LLC now owns 196,297 shares of the semiconductor manufacturer's stock worth $17,408,000 after buying an additional 9,007 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Skyworks Solutions by 134.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 14,767 shares of the semiconductor manufacturer's stock worth $1,310,000 after acquiring an additional 8,478 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Skyworks Solutions during the 4th quarter valued at $33,000. Finally, Alpine Woods Capital Investors LLC grew its position in Skyworks Solutions by 9.1% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 28,799 shares of the semiconductor manufacturer's stock valued at $2,554,000 after acquiring an additional 2,406 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on SWKS. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reduced their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and lowered their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Bank of America reduced their price objective on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Stock Down 0.6 %

Skyworks Solutions stock traded down $0.43 during midday trading on Tuesday, reaching $68.60. The company's stock had a trading volume of 227,872 shares, compared to its average volume of 2,572,997. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The stock has a market capitalization of $11.03 billion, a P/E ratio of 21.04, a PEG ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The stock's 50-day simple moving average is $75.26 and its 200-day simple moving average is $86.28.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results 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 return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.08%. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently 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.