TFG Advisers LLC Sells 1,818 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

TFG Advisers LLC decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,677 shares of the semiconductor manufacturer’s stock after selling 1,818 shares during the quarter. TFG Advisers LLC’s holdings in Skyworks Solutions were worth $858,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SWKS. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions in the 3rd quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at about $28,000. Investors Research Corp raised its holdings in Skyworks Solutions by 167.7% in the third 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 last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions in the third quarter worth approximately $40,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $41,000. 85.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Up 0.1 %

SWKS opened at $65.69 on Friday. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.45 and a beta of 1.14. The stock has a fifty day moving average price of $88.93 and a 200-day moving average price of $95.15. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.26%. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday. Susquehanna decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.78.

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.