Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by abrdn plc

abrdn plc reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,903 shares of the semiconductor manufacturer's stock after selling 5,691 shares during the quarter. abrdn plc's holdings in Skyworks Solutions were worth $6,628,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Resonant Capital Advisors LLC lifted its holdings in shares of Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after purchasing an additional 143 shares during the period. CENTRAL TRUST Co lifted its holdings in Skyworks Solutions by 31.4% in the fourth quarter. CENTRAL TRUST Co now owns 2,738 shares of the semiconductor manufacturer's stock valued at $243,000 after acquiring an additional 654 shares during the period. DAVENPORT & Co LLC lifted its holdings in Skyworks Solutions by 16.7% in the fourth quarter. DAVENPORT & Co LLC now owns 28,525 shares of the semiconductor manufacturer's stock valued at $2,522,000 after acquiring an additional 4,089 shares during the period. Capital Insight Partners LLC lifted its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Capital Insight Partners LLC now owns 32,534 shares of the semiconductor manufacturer's stock valued at $2,885,000 after acquiring an additional 1,555 shares during the period. Finally, Caprock Group LLC lifted its holdings in Skyworks Solutions by 87.5% in the fourth quarter. Caprock Group LLC now owns 4,154 shares of the semiconductor manufacturer's stock valued at $368,000 after acquiring an additional 1,939 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

SWKS traded up $0.96 during trading on Wednesday, reaching $66.19. 2,814,816 shares of the company were exchanged, compared to its average volume of 3,463,264. The stock has a market cap of $10.64 billion, a P/E ratio of 20.30, a PEG ratio of 1.45 and a beta of 1.14. The firm has a 50 day moving average of $88.01 and a 200 day moving average of $94.17. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research analyst reports. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday. Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley dropped their price target on 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. Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and an average price target of $83.78.

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.