Perigon Wealth Management LLC Has $277,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Perigon Wealth Management LLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 18.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,026 shares of the semiconductor manufacturer’s stock after selling 680 shares during the period. Perigon Wealth Management LLC’s holdings in Skyworks Solutions were worth $277,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions in the third quarter worth $27,000. 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 during the last quarter. Matrix Trust Co bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $39,000. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $41,000. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SWKS shares. B. Riley decreased their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Mizuho reduced their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Susquehanna dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.12.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 1,821 shares of the business’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 completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $88.76 on Monday. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The stock has a market cap of $14.27 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $89.84 and its 200-day moving average is $96.21.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned $1.95 EPS. Skyworks Solutions’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. Skyworks Solutions’s dividend payout ratio is 75.68%.

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.