United Capital Financial Advisors LLC Sells 517 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

United Capital Financial Advisors LLC lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,265 shares of the semiconductor manufacturer’s stock after selling 517 shares during the period. United Capital Financial Advisors LLC’s holdings in Skyworks Solutions were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Resonant Capital Advisors LLC increased its holdings in shares of Skyworks Solutions by 5.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares in the last quarter. Savant Capital LLC lifted its stake in Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after purchasing an additional 144 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of Skyworks Solutions by 2.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer’s stock valued at $566,000 after acquiring an additional 156 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Skyworks Solutions by 7.5% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock valued at $209,000 after acquiring an additional 165 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after buying an additional 167 shares during the period. Institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Finally, Piper Sandler reduced their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Up 0.2 %

NASDAQ:SWKS opened at $55.98 on Monday. The firm has a market capitalization of $8.78 billion, a P/E ratio of 17.17, a PEG ratio of 1.79 and a beta of 1.21. The company’s fifty day moving average price is $63.97 and its 200-day moving average price is $80.53. 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 current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last announced 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%. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.00%. The ex-dividend date 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.