Kovitz Investment Group Partners LLC Trims Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kovitz Investment Group Partners LLC reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 17,248 shares of the semiconductor manufacturer’s stock after selling 956 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Skyworks Solutions were worth $1,530,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions in the 4th quarter worth about $33,000. Manchester Capital Management LLC grew its holdings in Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after buying an additional 426 shares during the period. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at about $56,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup boosted their target price 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. The Goldman Sachs Group dropped 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, February 6th. Bank of America reduced their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $80.44.

Skyworks Solutions Stock Down 0.8 %

Shares of NASDAQ SWKS opened at $61.60 on Wednesday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock’s 50-day simple moving average is $63.05 and its 200-day simple moving average is $78.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results 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%. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Skyworks Solutions Company 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.