Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,153 shares of the semiconductor manufacturer's stock after selling 11,076 shares during the period. HighTower Advisors LLC owned about 0.07% of Skyworks Solutions worth $10,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its stake in Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer's stock valued at $551,000 after purchasing an additional 121 shares during the period. Resources Management Corp CT ADV lifted its position in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer's stock valued at $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Skyworks Solutions by 5.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock valued at $267,000 after acquiring an additional 143 shares in the last quarter. Savant Capital LLC lifted its position in Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after buying an additional 144 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Skyworks Solutions by 18.4% in the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock worth $93,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Skyworks Solutions Stock Performance

SWKS stock traded down $1.66 on Thursday, hitting $68.39. The company had a trading volume of 3,056,613 shares, compared to its average volume of 2,525,345. The stock's 50-day simple moving average is $76.63 and its 200 day simple moving average is $87.15. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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%. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.09%. Skyworks Solutions's payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered 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 note on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $83.78.

Insider Activity at Skyworks Solutions

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 purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate 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.