Haverford Trust Co Sells 11,883 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Haverford Trust Co trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 57.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,839 shares of the semiconductor manufacturer’s stock after selling 11,883 shares during the quarter. Haverford Trust Co’s holdings in Skyworks Solutions were worth $784,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Resources Management Corp CT ADV raised its holdings in Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Skyworks Solutions by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Skyworks Solutions by 18.4% during the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after buying an additional 146 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after buying an additional 167 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 2.6 %

Shares of Skyworks Solutions stock opened at $69.02 on Tuesday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The business has a 50-day moving average price of $75.26 and a 200-day moving average price of $86.28.

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%. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.06%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Piper Sandler cut their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Bank of America lowered their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.78.

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.