Kingsview Wealth Management LLC Sells 750 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kingsview Wealth Management LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,535 shares of the semiconductor manufacturer’s stock after selling 750 shares during the period. Kingsview Wealth Management LLC’s holdings in Skyworks Solutions were worth $491,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the fourth quarter worth about $28,000. Investors Research Corp boosted its position in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions in the third quarter worth about $40,000. Finally, Quest Partners LLC purchased a new position in Skyworks Solutions in the third quarter worth about $41,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Down 0.0 %

Shares of SWKS opened at $66.18 on Friday. The business’s 50 day moving average is $87.17 and its 200 day moving average is $93.78. The company has a market capitalization of $10.64 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

Several research analysts have issued reports on SWKS shares. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley dropped their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $62.00 in a research 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 assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $83.78.

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.