OneDigital Investment Advisors LLC Sells 302 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

OneDigital Investment Advisors LLC lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,199 shares of the semiconductor manufacturer’s stock after selling 302 shares during the period. OneDigital Investment Advisors LLC’s holdings in Skyworks Solutions were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SWKS. TD Waterhouse Canada Inc. increased its position in Skyworks Solutions by 29.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,586 shares of the semiconductor manufacturer’s stock worth $141,000 after buying an additional 359 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Skyworks Solutions by 727.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,176 shares of the semiconductor manufacturer’s stock worth $3,740,000 after acquiring an additional 37,077 shares during the last quarter. Transce3nd LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at $100,000. MetLife Investment Management LLC raised its stake in Skyworks Solutions by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 42,286 shares of the semiconductor manufacturer’s stock valued at $3,750,000 after acquiring an additional 743 shares during the period. Finally, Natixis lifted its holdings in Skyworks Solutions by 340.6% during the 4th quarter. Natixis now owns 22,573 shares of the semiconductor manufacturer’s stock valued at $2,002,000 after purchasing an additional 17,450 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Up 0.2 %

Shares of NASDAQ SWKS opened at $55.98 on Friday. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. 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 company has a market cap of $8.78 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.21. The business has a 50-day simple moving average of $63.97 and a two-hundred day simple moving average of $80.76.

Skyworks Solutions (NASDAQ:SWKS) last posted 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%. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research analyst reports. Barclays reduced their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Bank of America dropped their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on 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 purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

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.