D.A. Davidson & CO. Sells 2,219 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

D.A. Davidson & CO. lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,375 shares of the semiconductor manufacturer’s stock after selling 2,219 shares during the quarter. D.A. Davidson & CO.’s holdings in Skyworks Solutions were worth $1,718,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the fourth quarter worth about $28,000. Investors Research Corp increased its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in Skyworks Solutions during the third quarter worth about $40,000. Finally, Quest Partners LLC purchased a new stake in Skyworks Solutions during the third quarter worth about $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SWKS shares. Craig Hallum decreased their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Trading Down 0.2 %

Shares of Skyworks Solutions stock opened at $67.21 on Friday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a market cap of $10.80 billion, a PE ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a 50 day simple moving average of $84.49 and a two-hundred day simple moving average of $91.92.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given 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 yield of 4.17%. Skyworks Solutions’s payout ratio is presently 85.89%.

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.