UNIVEST FINANCIAL Corp Sells 20,802 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

UNIVEST FINANCIAL Corp cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 84.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,754 shares of the semiconductor manufacturer's stock after selling 20,802 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Skyworks Solutions were worth $333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stephens Inc. AR boosted its holdings in shares of Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after purchasing an additional 372 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after buying an additional 57,146 shares in the last quarter. Barclays PLC boosted its stake in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares during the period. Captrust Financial Advisors grew its holdings in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after acquiring an additional 6,151 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.51 during mid-day trading on Monday, reaching $64.63. The company had a trading volume of 3,169,807 shares, compared to its average volume of 2,654,711. The company has a 50 day moving average of $72.62 and a 200-day moving average of $85.09. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 yield of 4.33%. Skyworks Solutions's dividend payout ratio (DPR) is currently 85.89%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Citigroup increased their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.78.

Skyworks Solutions 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.