Chesley Taft & Associates LLC Decreases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Chesley Taft & Associates LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,795 shares of the semiconductor manufacturer’s stock after selling 2,667 shares during the period. Chesley Taft & Associates LLC’s holdings in Skyworks Solutions were worth $691,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $27,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares during the period. Matrix Trust Co purchased a new stake in Skyworks Solutions in the 3rd quarter worth approximately $39,000. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $40,000. Finally, Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. B. Riley dropped their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Barclays dropped 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 report on Friday, January 17th. Citigroup boosted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Loop Capital started coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.12.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $93.96 on Wednesday. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.07 and a beta of 1.15. 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, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The firm’s 50-day moving average is $88.82 and its 200 day moving average is $97.45.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

About 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.