Bison Wealth LLC Trims Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bison Wealth LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 60.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,321 shares of the semiconductor manufacturer’s stock after selling 3,497 shares during the period. Bison Wealth LLC’s holdings in Skyworks Solutions were worth $206,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the fourth quarter worth about $33,000. Manchester Capital Management LLC grew its holdings in Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in Skyworks Solutions during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.5 %

Shares of SWKS stock opened at $65.23 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The firm has a market capitalization of $10.23 billion, a PE ratio of 20.01, a P/E/G ratio of 1.79 and a beta of 1.21. 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 $62.96 and its 200-day simple moving average is $78.53.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current 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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. Skyworks Solutions’s payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SWKS shares. The Goldman Sachs Group dropped their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Bank of America dropped their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.29.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of the firm’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 of the company’s stock, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

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.