Atria Wealth Solutions Inc. Sells 3,802 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Atria Wealth Solutions Inc. cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 45.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,576 shares of the semiconductor manufacturer’s stock after selling 3,802 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Skyworks Solutions were worth $406,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter worth $28,000. Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions during the 3rd quarter valued at $41,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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. Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company 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 given a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $83.78.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm’s 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 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 position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $64.12 on Friday. Skyworks Solutions, Inc. has a 1-year low of $62.01 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. The stock’s 50 day simple moving average is $82.59 and its 200-day simple moving average is $91.02. The company has a market cap of $10.31 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its 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 fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 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.