Belpointe Asset Management LLC Sells 243 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Belpointe Asset Management LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,137 shares of the semiconductor manufacturer’s stock after selling 243 shares during the quarter. Belpointe Asset Management LLC’s holdings in Skyworks Solutions were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SWKS. Barclays PLC boosted its stake in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. Sculati Wealth Management LLC boosted its position in shares of Skyworks Solutions by 49.3% during the third quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer’s stock worth $981,000 after acquiring an additional 2,990 shares during the last quarter. World Investment Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at $4,734,000. Arvest Bank Trust Division bought a new stake in Skyworks Solutions in the 3rd quarter valued at $11,209,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Skyworks Solutions by 1.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer’s stock worth $6,497,000 after purchasing an additional 1,244 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Citigroup boosted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Finally, Barclays lowered their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $55.86 on Thursday. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $64.33 and its two-hundred day moving average is $81.33. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The company has a market capitalization of $8.76 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last posted 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%. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.01%. Skyworks Solutions’s payout ratio is 85.89%.

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.