Gilman Hill Asset Management LLC Sells 4,190 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Gilman Hill Asset Management LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,476 shares of the semiconductor manufacturer’s stock after selling 4,190 shares during the period. Gilman Hill Asset Management LLC’s holdings in Skyworks Solutions were worth $3,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Polianta Ltd purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth $1,339,000. Aaron Wealth Advisors LLC bought a new position in Skyworks Solutions in the fourth quarter worth about $210,000. BTS Asset Management Inc. purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $229,000. 180 Wealth Advisors LLC boosted its holdings in shares of Skyworks Solutions by 42.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 7,146 shares of the semiconductor manufacturer’s stock valued at $634,000 after buying an additional 2,130 shares in the last quarter. Finally, City Center Advisors LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $250,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 2.4 %

Shares of Skyworks Solutions stock opened at $93.64 on Monday. The stock has a market cap of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The firm has a fifty day moving average price of $88.57 and a 200 day moving average price of $97.61. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year 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) last released its quarterly earnings data 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $1.95 EPS. The company’s revenue was down 15.9% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Barclays decreased their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday. 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 research note on Wednesday, November 13th. B. Riley reduced their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho dropped their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.12.

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.