US Bancorp DE Sells 3,930 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

US Bancorp DE lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,372 shares of the semiconductor manufacturer’s stock after selling 3,930 shares during the quarter. US Bancorp DE’s holdings in Skyworks Solutions were worth $3,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter valued at approximately $28,000. Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Skyworks Solutions during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions during the third quarter valued at approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the topic of several analyst reports. Bank of America lowered their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Susquehanna lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley lowered their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 2.1 %

SWKS opened at $67.39 on Thursday. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm’s fifty day moving average price is $81.17 and its two-hundred day moving average price is $89.97. The company has a market capitalization of $10.83 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued 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 4.15%. Skyworks Solutions’s payout ratio is presently 85.89%.

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.