Oak Thistle LLC Sells 6,382 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Oak Thistle LLC trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,483 shares of the semiconductor manufacturer's stock after selling 6,382 shares during the period. Oak Thistle LLC's holdings in Skyworks Solutions were worth $664,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWKS. Acadian Asset Management LLC bought a new stake in shares of Skyworks Solutions in the second quarter worth $219,000. American Century Companies Inc. lifted its position in Skyworks Solutions by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 214,931 shares of the semiconductor manufacturer's stock worth $22,907,000 after buying an additional 11,643 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Skyworks Solutions by 5.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 44,631 shares of the semiconductor manufacturer's stock worth $4,714,000 after buying an additional 2,359 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Skyworks Solutions by 8.1% in the 2nd quarter. Federated Hermes Inc. now owns 16,823 shares of the semiconductor manufacturer's stock valued at $1,793,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $230,000. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Craig Hallum decreased their price target on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Citigroup boosted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Mizuho reduced their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Finally, Susquehanna reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.71.

Insider Buying and Selling

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

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.84 on Thursday, reaching $91.44. 1,722,876 shares of the company's stock traded hands, compared to its average volume of 2,215,745. The stock has a 50-day simple moving average of $88.47 and a 200-day simple moving average of $97.85. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The firm has a market cap of $14.62 billion, a PE ratio of 24.71, a P/E/G ratio of 1.99 and a beta of 1.15. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

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.