Haverford Trust Co Has $784,000 Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Haverford Trust Co cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,839 shares of the semiconductor manufacturer's stock after selling 11,883 shares during the period. Haverford Trust Co's holdings in Skyworks Solutions were worth $784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at about $33,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions in the third quarter worth about $41,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SWKS shares. Barclays decreased their price target on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Friday, January 17th. The Goldman Sachs Group cut their price objective on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Bank of America lowered their price objective on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $83.78.

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Skyworks Solutions Price Performance

SWKS traded down $2.03 during trading on Friday, hitting $64.27. The company's stock had a trading volume of 749,102 shares, compared to its average volume of 2,641,880. The firm's 50 day moving average price is $73.79 and its two-hundred day moving average price is $85.80. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.36%. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company's stock.

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.