Narwhal Capital Management Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Narwhal Capital Management cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 56.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,557 shares of the semiconductor manufacturer’s stock after selling 8,475 shares during the quarter. Narwhal Capital Management’s holdings in Skyworks Solutions were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the 3rd quarter worth $27,000. Investors Research Corp grew its position in shares of Skyworks Solutions by 167.7% during 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 in the last quarter. Matrix Trust Co purchased a new position in shares of Skyworks Solutions during the third quarter valued at $39,000. Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions in the third quarter worth about $40,000. Finally, Quest Partners LLC bought a new position in Skyworks Solutions during the 3rd quarter worth about $41,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.4 %

Shares of SWKS stock opened at $91.20 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The firm has a market capitalization of $14.58 billion, a PE ratio of 24.65, a P/E/G ratio of 2.03 and a beta of 1.15. 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’s 50-day simple moving average is $89.31 and its 200-day simple moving average is $97.11.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.95 EPS. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. Equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors 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 dividend on an annualized basis and a yield of 3.07%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research reports. B. Riley lowered their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Craig Hallum cut their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, Citigroup increased 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. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.