Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,925 shares of the semiconductor manufacturer’s stock after selling 2,095 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Skyworks Solutions were worth $2,483,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock valued at $2,097,372,000 after acquiring an additional 123,564 shares during the period. FIL Ltd grew its stake in Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after buying an additional 64,389 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter worth $302,309,000. Norges Bank bought a new stake in Skyworks Solutions in the fourth quarter valued at $226,266,000. Finally, Dimensional Fund Advisors LP lifted its stake in Skyworks Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock valued at $203,093,000 after buying an additional 185,355 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $104.63 on Thursday. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a market cap of $16.79 billion, a PE ratio of 19.67, a PEG ratio of 5.07 and a beta of 1.23. The stock’s 50-day moving average price is $97.74 and its two-hundred day moving average price is $102.63.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.60%. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

SWKS has been the topic of several analyst reports. Susquehanna restated a “neutral” rating and issued a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Wells Fargo & Company lowered their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, Mizuho dropped their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued 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 $107.19.

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.