Lifeworks Advisors LLC Sells 12,795 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Lifeworks Advisors LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 73.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,546 shares of the semiconductor manufacturer’s stock after selling 12,795 shares during the quarter. Lifeworks Advisors LLC’s holdings in Skyworks Solutions were worth $449,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SWKS. US Bancorp DE increased its holdings in shares of Skyworks Solutions by 6.8% in the first quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock worth $5,066,000 after purchasing an additional 2,970 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Skyworks Solutions by 28.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer’s stock worth $578,000 after purchasing an additional 1,179 shares during the last quarter. Bleakley Financial Group LLC grew its position in Skyworks Solutions by 7.9% in the first quarter. Bleakley Financial Group LLC now owns 1,992 shares of the semiconductor manufacturer’s stock worth $216,000 after acquiring an additional 146 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Skyworks Solutions by 19.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 201,414 shares of the semiconductor manufacturer’s stock worth $23,763,000 after acquiring an additional 32,553 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Skyworks Solutions by 23.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187,801 shares of the semiconductor manufacturer’s stock worth $20,343,000 after acquiring an additional 36,016 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent research reports. Citigroup dropped their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday. Mizuho dropped their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Up 1.0 %

Shares of NASDAQ SWKS opened at $84.00 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 3.01. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.77 and a beta of 1.21. The stock has a 50 day moving average price of $95.44 and a 200 day moving average price of $100.37. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 earnings per share. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

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.