Captrust Financial Advisors Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Captrust Financial Advisors decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,251 shares of the semiconductor manufacturer’s stock after selling 2,352 shares during the quarter. Captrust Financial Advisors’ holdings in Skyworks Solutions were worth $3,037,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the fourth quarter worth approximately $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions during the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC lifted its stake in shares of Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 426 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $56,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWKS. UBS Group decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target 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. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Barclays boosted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $78.29.

Insider Buying and Selling at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 approximately $661,300. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by insiders.

Skyworks Solutions Trading Up 1.4 %

NASDAQ SWKS opened at $68.23 on Friday. The company’s 50-day simple moving average is $63.07 and its two-hundred day simple moving average is $77.12. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions’s payout ratio is currently 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.