FourThought Financial Partners LLC Sells 2,265 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

FourThought Financial Partners LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,904 shares of the semiconductor manufacturer’s stock after selling 2,265 shares during the quarter. FourThought Financial Partners LLC’s holdings in Skyworks Solutions were worth $6,959,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AXQ Capital LP bought a new stake in shares of Skyworks Solutions during the 3rd quarter worth $789,000. Highland Capital Management LLC boosted its holdings in Skyworks Solutions by 91.4% during the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after acquiring an additional 20,330 shares during the period. LSV Asset Management grew its position in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after purchasing an additional 338,820 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Skyworks Solutions by 10,450.2% in the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock worth $9,500,000 after purchasing an additional 83,706 shares during the period. Finally, abrdn plc lifted its position in shares of Skyworks Solutions by 50.0% during the 4th quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer’s stock worth $10,121,000 after purchasing an additional 30,022 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday. UBS Group cut their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Citigroup decreased their target price on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.86.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Liam Griffin bought 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $2.79 during trading hours on Friday, reaching $92.51. 3,562,773 shares of the company’s stock were exchanged, compared to its average volume of 2,569,420. The firm has a fifty day moving average of $103.41 and a 200-day moving average of $101.80. The company has a current ratio of 5.19, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The stock has a market cap of $14.84 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 3.88 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

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.