Lifeworks Advisors LLC Sells 1,329 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Lifeworks Advisors LLC trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,217 shares of the semiconductor manufacturer’s stock after selling 1,329 shares during the quarter. Lifeworks Advisors LLC’s holdings in Skyworks Solutions were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Skyworks Solutions by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock valued at $452,135,000 after acquiring an additional 267,343 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after purchasing an additional 28,009 shares in the last quarter. FMR LLC grew its position in Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after purchasing an additional 182,130 shares during the period. Wellington Management Group LLP increased its stake in Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Finally, Barclays PLC raised its holdings in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWKS. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Morgan Stanley decreased their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $661,300. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Up 8.5 %

Skyworks Solutions stock opened at $72.61 on Friday. The firm has a 50 day moving average price of $79.89 and a 200-day moving average price of $89.29. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a market capitalization of $11.67 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 net margin of 13.02% and a return on equity of 12.60%. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) 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.