180 Wealth Advisors LLC Acquires 2,130 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

180 Wealth Advisors LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,146 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,130 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Skyworks Solutions were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. City Center Advisors LLC acquired a new position in Skyworks Solutions in the 4th quarter valued at $250,000. Matrix Trust Co raised its stake in Skyworks Solutions by 696.9% in the fourth quarter. Matrix Trust Co now owns 3,108 shares of the semiconductor manufacturer’s stock valued at $276,000 after purchasing an additional 2,718 shares in the last quarter. Czech National Bank lifted its position in Skyworks Solutions by 6.4% during the fourth quarter. Czech National Bank now owns 34,630 shares of the semiconductor manufacturer’s stock worth $3,071,000 after purchasing an additional 2,095 shares during the period. Ridgewood Investments LLC acquired a new stake in Skyworks Solutions during the fourth quarter worth about $60,000. Finally, Diversified Trust Co increased its holdings in Skyworks Solutions by 64.7% in the 4th quarter. Diversified Trust Co now owns 4,169 shares of the semiconductor manufacturer’s stock valued at $370,000 after buying an additional 1,637 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SWKS shares. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Barclays reduced their target price on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Susquehanna lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Morgan Stanley reduced their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.71.

Skyworks Solutions Stock Up 1.4 %

Shares of NASDAQ:SWKS opened at $91.57 on Wednesday. The firm has a market cap of $14.64 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.01 and a beta of 1.15. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The business has a fifty day simple moving average of $88.38 and a 200 day simple moving average of $98.00. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.95 earnings per share. The firm’s revenue was down 15.9% compared to the same quarter last year. Analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.06%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

About Skyworks Solutions

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.