Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Aviso Wealth Management

Aviso Wealth Management cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 44.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,556 shares of the semiconductor manufacturer’s stock after selling 10,737 shares during the quarter. Aviso Wealth Management’s holdings in Skyworks Solutions were worth $1,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Skyworks Solutions during the second quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $27,000. Blue Trust Inc. grew its stake in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions in the third quarter valued at about $39,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Skyworks Solutions in the third quarter valued at about $40,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $83.69 on Monday. The company has a quick ratio of 2.19, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The stock’s fifty day simple moving average is $95.14 and its 200 day simple moving average is $100.23. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $1.95 earnings per share. Skyworks Solutions’s revenue was down 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.35%. Skyworks Solutions’s dividend payout ratio is 75.68%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 over the last three months. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of analyst reports. B. Riley reduced their price target on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Craig Hallum reduced their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. Stifel Nicolaus increased their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Bank of America raised their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.00.

Skyworks Solutions 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.