FourThought Financial Partners LLC Decreases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

FourThought Financial Partners LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,904 shares of the semiconductor manufacturer’s stock after selling 2,265 shares during the period. FourThought Financial Partners LLC’s holdings in Skyworks Solutions were worth $6,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. Safeguard Investment Advisory Group LLC boosted its stake in shares of Skyworks Solutions by 0.6% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after acquiring an additional 99 shares during the last quarter. John G Ullman & Associates Inc. boosted its stake in shares of Skyworks Solutions by 3.1% during the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. Syntax Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.4% during the third quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after buying an additional 113 shares in the last quarter. Unison Advisors LLC raised its position in shares of Skyworks Solutions by 0.7% in the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock valued at $1,911,000 after buying an additional 115 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Skyworks Solutions by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer’s stock valued at $1,281,000 after buying an additional 118 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup lowered their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday. TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $90.00 in a research note on Wednesday. Piper Sandler dropped their price objective on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.86.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Liam Griffin purchased 11,142 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Up 3.1 %

SWKS traded up $2.79 during trading hours on Friday, reaching $92.51. 3,562,773 shares of the stock traded hands, compared to its average volume of 2,569,420. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 3.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.51. The firm’s fifty day simple moving average is $103.41 and its two-hundred day simple moving average is $101.80.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company’s revenue was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.94%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

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.