Skyworks Solutions Inc (NASDAQ:SWKS) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,668 shares of the semiconductor manufacturer’s stock after selling 636 shares during the quarter. Mission Wealth Management LP’s holdings in Skyworks Solutions were worth $443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SWKS. CENTRAL TRUST Co raised its position in Skyworks Solutions by 207.9% in the fourth quarter. CENTRAL TRUST Co now owns 2,429 shares of the semiconductor manufacturer’s stock valued at $294,000 after purchasing an additional 1,640 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $325,000. Zhang Financial LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at approximately $215,000. Bristlecone Advisors LLC increased its stake in shares of Skyworks Solutions by 3.5% during the fourth quarter. Bristlecone Advisors LLC now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $1,101,000 after acquiring an additional 309 shares during the period. Finally, Squar Milner Financial Services LLC lifted its holdings in shares of Skyworks Solutions by 182.8% during the fourth quarter. Squar Milner Financial Services LLC now owns 905 shares of the semiconductor manufacturer’s stock valued at $109,000 after purchasing an additional 585 shares during the last quarter. 82.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SWKS stock opened at $123.80 on Wednesday. Skyworks Solutions Inc has a one year low of $66.29 and a one year high of $125.75. The stock has a market cap of $21.16 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12. The stock has a fifty day moving average price of $116.40 and a 200 day moving average price of $92.64.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 EPS for the quarter, topping the consensus estimate of $1.50 by $0.02. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The business had revenue of $827.00 million for the quarter, compared to the consensus estimate of $824.01 million. During the same period in the previous year, the business earned $1.94 EPS. Skyworks Solutions’s revenue was down 18.0% compared to the same quarter last year. Research analysts anticipate that Skyworks Solutions Inc will post 5.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 1.42%. Skyworks Solutions’s payout ratio is presently 30.82%.

A number of research firms have commented on SWKS. BMO Capital Markets upped their price objective on shares of Skyworks Solutions to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Mizuho upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $132.00 in a research report on Friday, January 10th. Benchmark lifted their price objective on shares of Skyworks Solutions from $110.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum increased their target price on Skyworks Solutions from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, B. Riley reaffirmed a “buy” rating and issued a $145.00 target price on shares of Skyworks Solutions in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $105.45.

In other Skyworks Solutions news, Director David J. Aldrich sold 7,560 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $120.01, for a total value of $907,275.60. Following the sale, the director now owns 155,592 shares in the company, valued at approximately $18,672,595.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert John Terry sold 1,483 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $100.00, for a total value of $148,300.00. Following the transaction, the senior vice president now directly owns 15,132 shares of the company’s stock, valued at approximately $1,513,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,441 shares of company stock valued at $26,738,893. 0.64% of the stock is owned by insiders.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Further Reading: Balanced Fund

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

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