Integrated Investment Consultants LLC Sells 310 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Integrated Investment Consultants LLC lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,246 shares of the semiconductor manufacturer’s stock after selling 310 shares during the period. Integrated Investment Consultants LLC’s holdings in Skyworks Solutions were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. 180 Wealth Advisors LLC increased its position in shares of Skyworks Solutions by 42.5% during the fourth quarter. 180 Wealth Advisors LLC now owns 7,146 shares of the semiconductor manufacturer’s stock worth $634,000 after buying an additional 2,130 shares during the period. City Center Advisors LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $250,000. Matrix Trust Co increased its holdings in Skyworks Solutions by 696.9% in the fourth quarter. Matrix Trust Co now owns 3,108 shares of the semiconductor manufacturer’s stock worth $276,000 after purchasing an additional 2,718 shares in the last quarter. Czech National Bank lifted its stake in Skyworks Solutions by 6.4% in the fourth quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer’s stock valued at $3,071,000 after buying an additional 2,095 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $60,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday. Morgan Stanley reduced their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Piper Sandler dropped their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, B. Riley lowered their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $101.12.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $93.64 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The stock’s 50-day simple moving average is $88.57 and its 200 day simple moving average is $97.65.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $1.95 earnings per share. Skyworks Solutions’s revenue was down 15.9% compared to the same quarter last year. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

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.