Sigma Planning Corp Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sigma Planning Corp reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.6% during the fourth quarter, HoldingsChannel reports. The fund owned 2,698 shares of the semiconductor manufacturer’s stock after selling 286 shares during the period. Sigma Planning Corp’s holdings in Skyworks Solutions were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Skyworks Solutions by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock worth $477,173,000 after acquiring an additional 176,070 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Skyworks Solutions by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after acquiring an additional 28,009 shares during the last quarter. FMR LLC grew its stake in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock worth $265,853,000 after acquiring an additional 182,130 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after acquiring an additional 775,470 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Craig Hallum dropped their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Bank of America dropped their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 4.0 %

NASDAQ SWKS opened at $66.66 on Friday. The stock’s 50-day moving average price is $82.15 and its 200-day moving average price is $90.77. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a market capitalization of $10.71 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.

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.