Bank of Stockton Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bank of Stockton reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,023 shares of the semiconductor manufacturer’s stock after selling 922 shares during the period. Bank of Stockton’s holdings in Skyworks Solutions were worth $534,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Paradigm Asset Management Co. LLC purchased a new stake in Skyworks Solutions during the 4th quarter worth approximately $337,000. Handelsbanken Fonder AB increased its stake in Skyworks Solutions by 60.0% during the 4th quarter. Handelsbanken Fonder AB now owns 129,780 shares of the semiconductor manufacturer’s stock worth $11,509,000 after buying an additional 48,644 shares in the last quarter. Alberta Investment Management Corp increased its stake in Skyworks Solutions by 464.2% during the 4th quarter. Alberta Investment Management Corp now owns 37,800 shares of the semiconductor manufacturer’s stock worth $3,352,000 after buying an additional 31,100 shares in the last quarter. Kestra Investment Management LLC increased its stake in Skyworks Solutions by 50.0% during the 4th quarter. Kestra Investment Management LLC now owns 7,026 shares of the semiconductor manufacturer’s stock worth $623,000 after buying an additional 2,342 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Skyworks Solutions by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 27,933 shares of the semiconductor manufacturer’s stock valued at $2,477,000 after purchasing an additional 660 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SWKS shares. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $67.32 on Friday. The firm has a market capitalization of $10.82 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The business’s fifty day moving average price is $84.96 and its 200 day moving average price is $92.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.