HighTower Advisors LLC Sells 11,076 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

HighTower Advisors LLC reduced its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,153 shares of the semiconductor manufacturer’s stock after selling 11,076 shares during the quarter. HighTower Advisors LLC’s holdings in Skyworks Solutions were worth $10,212,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Investors Research Corp grew its stake in shares of 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 in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $41,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Citigroup raised their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Finally, Barclays decreased their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.78.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by insiders.

Skyworks Solutions Stock Up 3.3 %

SWKS opened at $69.40 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market capitalization of $11.16 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The stock has a fifty day moving average of $77.92 and a 200-day moving average of $87.81.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. On average, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 4.03%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

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.