Carnegie Investment Counsel reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,361 shares of the semiconductor manufacturer's stock after selling 4,511 shares during the period. Carnegie Investment Counsel's holdings in Skyworks Solutions were worth $1,540,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of SWKS. Elo Mutual Pension Insurance Co lifted its position in Skyworks Solutions by 0.7% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer's stock worth $1,569,000 after buying an additional 107 shares in the last quarter. Unison Advisors LLC raised its holdings in Skyworks Solutions by 0.6% during the third quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer's stock worth $1,717,000 after acquiring an additional 110 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer's stock valued at $131,000 after purchasing an additional 112 shares during the last quarter. UMB Bank n.a. grew its stake in Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer's stock valued at $141,000 after purchasing an additional 115 shares in the last quarter. Finally, Empirical Finance LLC increased its position in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer's stock worth $551,000 after purchasing an additional 121 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.
NASDAQ:SWKS traded up $2.20 during mid-day trading on Friday, reaching $93.64. The stock had a trading volume of 2,145,591 shares, compared to its average volume of 2,037,831. The stock has a 50-day simple moving average of $88.57 and a two-hundred day simple moving average of $97.65. The stock has a market capitalization of $14.97 billion, a PE ratio of 25.31, a P/E/G ratio of 1.99 and a beta of 1.15. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm's quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the company posted $1.95 EPS. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions's payout ratio is 75.68%.
In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the stock. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Friday. Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 target price on the stock. Citigroup lifted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Craig Hallum dropped their price objective on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Finally, Morgan Stanley reduced their target price on Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 13th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $101.12.
Get Our Latest Stock Analysis on Skyworks Solutions
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.
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