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

Soltis Investment Advisors LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 49.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,052 shares of the semiconductor manufacturer's stock after selling 26,584 shares during the quarter. Soltis Investment Advisors LLC's holdings in Skyworks Solutions were worth $2,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SWKS. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Rothschild Investment LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $27,000. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the third quarter valued at $27,000. Investors Research Corp grew its position in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares during the period. Finally, Blue Trust Inc. increased its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock worth $36,000 after acquiring an additional 149 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 2.0 %

SWKS stock traded up $1.77 during mid-day trading on Wednesday, hitting $89.41. 2,517,940 shares of the company were exchanged, compared to its average volume of 2,383,584. The firm has a fifty day simple moving average of $91.01 and a 200 day simple moving average of $99.49. The company has a market capitalization of $14.30 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

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 the consensus estimate of $1.52 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company's quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 earnings per share. On average, research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.13%. Skyworks Solutions's dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWKS. Susquehanna reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 13th. B. Riley dropped their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, Mizuho lowered their price target on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $101.00.

Insider Activity at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company's stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,841 shares of company stock valued at $3,034,265. Corporate insiders own 0.34% of the company's stock.

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.