Haverford Trust Co Sells 11,883 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Haverford Trust Co lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 57.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,839 shares of the semiconductor manufacturer’s stock after selling 11,883 shares during the period. Haverford Trust Co’s holdings in Skyworks Solutions were worth $784,000 as of its most recent SEC filing.

Other hedge funds 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 valued at about $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions in the 4th quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions during the 4th quarter valued at $33,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions during the third quarter worth $41,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Up 2.6 %

Shares of SWKS opened at $69.02 on Tuesday. The stock has a market capitalization of $11.09 billion, a P/E ratio of 21.17, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $86.28.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWKS. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays reduced their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price objective 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 issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.78.

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.