Cetera Investment Advisers Sells 2,739 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cetera Investment Advisers lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,897 shares of the semiconductor manufacturer’s stock after selling 2,739 shares during the quarter. Cetera Investment Advisers’ holdings in Skyworks Solutions were worth $3,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SWKS. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at about $33,000. Manchester Capital Management LLC lifted its position in shares of Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after buying an additional 426 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after acquiring an additional 218 shares during the period. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of several analyst reports. UBS Group reduced their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Barclays raised their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $78.29.

Insiders Place Their Bets

In related news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by insiders.

Skyworks Solutions Stock Up 0.1%

NASDAQ SWKS opened at $72.28 on Friday. The stock has a 50 day moving average price of $63.29 and a 200-day moving average price of $76.62. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market capitalization of $10.85 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.87%. Skyworks Solutions’s dividend payout ratio is currently 109.80%.

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.