Prime Capital Investment Advisors LLC Sells 19,485 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Prime Capital Investment Advisors LLC cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 86.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,016 shares of the semiconductor manufacturer's stock after selling 19,485 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Skyworks Solutions were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWKS. Forsta AP Fonden boosted 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 purchasing an additional 7,900 shares during the period. Versor Investments LP boosted its position 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 valued at $1,966,000 after acquiring an additional 10,658 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Skyworks Solutions by 73.3% in the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer's stock valued at $1,740,000 after acquiring an additional 6,795 shares in the last quarter. Van ECK Associates Corp increased its position in Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after acquiring an additional 325,672 shares during the period. Finally, M&G Plc acquired a new stake in Skyworks Solutions in the 2nd quarter worth about $797,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised Skyworks Solutions to a "hold" rating in a report on Wednesday, July 31st. TD Cowen raised their price target on Skyworks Solutions from $90.00 to $110.00 and gave the stock a "hold" rating in a research report on Wednesday, July 31st. Finally, Bank of America upped their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $101.00.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated 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 transaction, the senior vice president now directly owns 15,960 shares of the company's stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 over the last ninety days. 0.34% of the stock is owned by insiders.

Skyworks Solutions Trading Down 0.4 %

NASDAQ SWKS traded down $0.31 during trading hours on Friday, reaching $83.69. The company's stock had a trading volume of 3,278,939 shares, compared to its average volume of 2,401,136. The firm has a fifty day simple moving average of $95.14 and a 200-day simple moving average of $100.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The stock has a market cap of $13.37 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions's revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. Equities analysts forecast that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Skyworks Solutions's dividend payout ratio (DPR) is 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.