Canandaigua National Bank & Trust Co. Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Canandaigua National Bank & Trust Co. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 51.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,398 shares of the semiconductor manufacturer’s stock after selling 8,795 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Skyworks Solutions were worth $745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. Zega Financial LLC grew its stake in Skyworks Solutions by 5.0% in the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after purchasing an additional 100 shares during the last quarter. Elo Mutual Pension Insurance Co grew its position in shares of Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock worth $1,569,000 after buying an additional 107 shares during the last quarter. Unison Advisors LLC raised its stake in shares of Skyworks Solutions by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock worth $1,717,000 after acquiring an additional 110 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after acquiring an additional 112 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 115 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $90.90 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.01 and a beta of 1.15. The firm’s 50 day simple moving average is $88.25 and its 200-day simple moving average is $98.50. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business earned $1.95 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Analyst Ratings Changes

Several analysts have recently commented on SWKS shares. Craig Hallum decreased their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Mizuho lowered their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. B. Riley cut their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays cut their price target on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.00.

View Our Latest Stock Analysis on Skyworks Solutions

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction that occurred 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 sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,520 shares of company stock valued at $2,083,803. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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