Avantax Advisory Services Inc. Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Avantax Advisory Services Inc. lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,125 shares of the semiconductor manufacturer’s stock after selling 3,433 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Skyworks Solutions were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SWKS. GSA Capital Partners LLP purchased a new position in shares of Skyworks Solutions in the third quarter valued at $380,000. OneDigital Investment Advisors LLC increased its position in shares of Skyworks Solutions by 6.2% in the third quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 263 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Skyworks Solutions in the third quarter valued at $41,000. Pathstone Holdings LLC increased its position in Skyworks Solutions by 6.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock worth $2,236,000 after purchasing an additional 1,433 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $68.39 on Friday. The business’s 50-day simple moving average is $76.14 and its 200-day simple moving average is $87.02. The firm has a market capitalization of $10.99 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.79 and a beta of 1.18. 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, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results 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%. Equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Buying and Selling

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWKS. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $83.78.

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.