Harbour Investments Inc. Sells 184 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Harbour Investments Inc. trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,963 shares of the semiconductor manufacturer’s stock after selling 184 shares during the quarter. Harbour Investments Inc.’s holdings in Skyworks Solutions were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the 4th quarter valued at $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions in the 4th quarter valued at $33,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the 3rd quarter valued at $41,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Down 1.7 %

Skyworks Solutions stock opened at $67.25 on Friday. The stock has a market cap of $10.81 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company’s 50-day moving average price is $75.68 and its two-hundred day moving average price is $86.62.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly 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%. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.16%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWKS. Barclays cut their price objective 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, January 17th. Piper Sandler cut their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Bank of America cut their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $83.78.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

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.