Gilman Hill Asset Management LLC Sells 4,190 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Gilman Hill Asset Management LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,476 shares of the semiconductor manufacturer's stock after selling 4,190 shares during the period. Gilman Hill Asset Management LLC's holdings in Skyworks Solutions were worth $3,057,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SWKS. Forsta AP Fonden grew its stake in Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after buying an additional 7,900 shares during the last quarter. Versor Investments LP increased its stake in shares of Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after purchasing an additional 10,658 shares during the period. Van ECK Associates Corp lifted its position in shares of Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after purchasing an additional 325,672 shares during the last quarter. Captrust Financial Advisors boosted its stake in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after purchasing an additional 6,151 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in Skyworks Solutions in the 3rd quarter valued at approximately $1,570,000. 85.43% of the stock is currently owned by institutional investors.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded up $2.20 during trading hours on Monday, reaching $93.64. The company had a trading volume of 2,145,591 shares, compared to its average volume of 2,037,831. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $88.57 and a two-hundred day moving average of $97.61. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The firm has a market capitalization of $14.97 billion, a PE ratio of 25.31, a PEG ratio of 1.99 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 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The firm's quarterly revenue was down 15.9% compared to the same quarter last year. Analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is currently 75.68%.

Analyst Ratings Changes

SWKS has been the subject of a number of research analyst reports. Citigroup upped their price target 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 note on Monday, November 11th. They set a "hold" rating and a $90.00 target price for the company. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a report on Wednesday, November 13th. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Finally, Piper Sandler cut their price objective on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $101.12.

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.