Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,119 shares of the semiconductor manufacturer’s stock after selling 2,547 shares during the period. CIBC Private Wealth Group LLC’s holdings in Skyworks Solutions were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SWKS. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions during the fourth quarter worth about $33,000. Manchester Capital Management LLC grew its stake in 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 acquiring an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at about $56,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Stock Down 7.0 %

Shares of SWKS opened at $52.78 on Friday. The company’s 50-day simple moving average is $70.01 and its 200-day simple moving average is $84.09. 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, Inc. has a 1 year low of $52.04 and a 1 year high of $120.86. The stock has a market capitalization of $8.48 billion, a PE ratio of 16.19, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released 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 return on equity of 12.60% and a net margin of 13.02%. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 5.31%. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWKS. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price 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, nineteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.78.

About Skyworks Solutions

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.