Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 86.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,016 shares of the semiconductor manufacturer’s stock after selling 19,485 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Skyworks Solutions were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the 2nd quarter worth $27,000. Blue Trust Inc. raised its position in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the period. Matrix Trust Co purchased a new position in Skyworks Solutions during the third quarter valued at $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions in the third quarter valued at about $49,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $83.69 on Friday. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. The business has a fifty day moving average of $95.14 and a two-hundred day moving average of $100.16.

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 firm 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 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWKS. Bank of America raised their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Citigroup dropped their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a research report on Wednesday. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. Finally, Mizuho dropped their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday. Three equities 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.00.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock valued at $3,034,265. Company insiders own 0.34% of the company’s stock.

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.