Farther Finance Advisors LLC Sells 860 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Farther Finance Advisors LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,972 shares of the semiconductor manufacturer’s stock after selling 860 shares during the quarter. Farther Finance Advisors LLC’s holdings in Skyworks Solutions were worth $264,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Resources Management Corp CT ADV raised its stake in Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 142 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after buying an additional 143 shares in the last quarter. Savant Capital LLC raised its stake in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after buying an additional 144 shares in the last quarter. Private Trust Co. NA raised its stake in Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock worth $93,000 after buying an additional 146 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after buying an additional 167 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three equities 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Up 0.4 %

NASDAQ SWKS opened at $70.88 on Wednesday. The company has a market capitalization of $11.39 billion, a PE ratio of 21.74, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a fifty day moving average of $77.08 and a 200 day moving average of $87.27. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. 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 (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

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.