Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Archer Investment Corp

Archer Investment Corp lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 71.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,350 shares of the semiconductor manufacturer’s stock after selling 3,410 shares during the quarter. Archer Investment Corp’s holdings in Skyworks Solutions were worth $120,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Skyworks Solutions by 4.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,307 shares of the semiconductor manufacturer’s stock worth $1,535,000 after acquiring an additional 671 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Skyworks Solutions by 5.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 465,240 shares of the semiconductor manufacturer’s stock valued at $41,257,000 after buying an additional 24,681 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth about $1,708,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Skyworks Solutions by 4.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 343,177 shares of the semiconductor manufacturer’s stock valued at $30,936,000 after purchasing an additional 13,934 shares in the last quarter. Finally, Guidance Capital Inc. grew its stake in Skyworks Solutions by 10.9% in the fourth quarter. Guidance Capital Inc. now owns 10,185 shares of the semiconductor manufacturer’s stock worth $929,000 after purchasing an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 24.7 %

Skyworks Solutions stock opened at $65.60 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.96 and a beta of 1.14. The firm has a 50-day moving average of $89.37 and a 200-day moving average of $95.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 13.71% and a net margin of 14.27%. On average, equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.27%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $105.00 to $62.00 in a research note on Thursday. Piper Sandler decreased their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Morgan Stanley dropped their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.