Albert D Mason Inc. Sells 2,536 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Albert D Mason Inc. lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.4% during the fourth quarter, Holdings Channel reports. The firm owned 12,030 shares of the semiconductor manufacturer’s stock after selling 2,536 shares during the quarter. Albert D Mason Inc.’s holdings in Skyworks Solutions were worth $1,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Investors Research Corp boosted its holdings in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares in the last quarter. Matrix Trust Co purchased a new position in Skyworks Solutions during the 3rd quarter valued at $39,000. Valley Wealth Managers Inc. bought a new position in Skyworks Solutions in the third quarter worth about $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $41,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $93.64 on Friday. The stock has a 50-day simple moving average of $88.57 and a two-hundred day simple moving average of $97.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The firm has a market capitalization of $14.97 billion, a PE ratio of 25.31, a P/E/G ratio of 1.99 and a beta of 1.15.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Buying and Selling

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent research reports. Mizuho lowered 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, November 13th. B. Riley reduced their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Piper Sandler decreased their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.12.

Skyworks Solutions 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.