Garrison Point Advisors LLC Has $257,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Garrison Point Advisors LLC reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,895 shares of the semiconductor manufacturer’s stock after selling 415 shares during the quarter. Garrison Point Advisors LLC’s holdings in Skyworks Solutions were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Norges Bank bought a new stake in Skyworks Solutions during the fourth quarter worth about $228,646,000. Pzena Investment Management LLC grew its position in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after acquiring an additional 1,536,289 shares during the last quarter. Barclays PLC increased its holdings in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Wellington Management Group LLP raised its position in Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares during the last quarter. Finally, KBC Group NV boosted its stake in Skyworks Solutions by 114.0% in the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SWKS shares. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Citigroup increased their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $52.78 on Friday. The stock’s fifty day simple moving average is $70.01 and its 200 day simple moving average is $84.09. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.28 billion, a PE ratio of 16.19, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions, Inc. has a 12 month low of $52.04 and a 12 month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.31%. Skyworks Solutions’s payout ratio is 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

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.