HighTower Advisors LLC Sells 11,076 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

HighTower Advisors LLC lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,153 shares of the semiconductor manufacturer’s stock after selling 11,076 shares during the period. HighTower Advisors LLC owned about 0.07% of Skyworks Solutions worth $10,212,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock valued at $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Skyworks Solutions by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after purchasing an additional 28,009 shares in the last quarter. FMR LLC boosted its stake in shares of Skyworks Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after purchasing an additional 182,130 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $69.40 on Monday. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The firm’s 50 day simple moving average is $77.92 and its 200 day simple moving average is $87.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a yield of 4.03%. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Barclays lowered their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.78.

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.