Garrison Point Advisors LLC cut its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 13.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,910 shares of the semiconductor manufacturer’s stock after selling 600 shares during the period. Garrison Point Advisors LLC’s holdings in Skyworks Solutions were worth $473,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mechanics Bank Trust Department acquired a new stake in shares of Skyworks Solutions during the third quarter worth $25,000. Squar Milner Financial Services LLC lifted its stake in Skyworks Solutions by 492.6% in the third quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 266 shares during the period. Allred Capital Management LLC bought a new position in Skyworks Solutions during the fourth quarter worth about $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Skyworks Solutions during the third quarter worth about $32,000. Finally, Stonebridge Capital Advisors LLC bought a new position in Skyworks Solutions during the second quarter worth about $37,000. 82.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Skyworks Solutions stock traded down $6.06 on Friday, hitting $122.13. The company had a trading volume of 493,986 shares, compared to its average volume of 1,870,666. The firm has a market capitalization of $21.28 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.48 and a beta of 1.12. Skyworks Solutions Inc has a twelve month low of $66.29 and a twelve month high of $128.33. The stock has a 50-day moving average of $117.54 and a 200-day moving average of $93.10.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.16. The business had revenue of $896.10 million for the quarter, compared to analyst estimates of $881.80 million. Skyworks Solutions had a net margin of 25.28% and a return on equity of 24.41%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the business posted $1.83 earnings per share. As a group, equities analysts predict that Skyworks Solutions Inc will post 5.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.44%. Skyworks Solutions’s payout ratio is presently 30.82%.

In related news, SVP Robert John Terry sold 1,483 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $100.00, for a total transaction of $148,300.00. Following the completion of the transaction, the senior vice president now owns 15,132 shares in the company, valued at $1,513,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Furey sold 2,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.76, for a total transaction of $201,520.00. Following the transaction, the director now owns 18,824 shares of the company’s stock, valued at approximately $1,896,706.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 256,441 shares of company stock valued at $26,862,903. 0.64% of the stock is owned by corporate insiders.

SWKS has been the subject of a number of recent analyst reports. Benchmark upped their price target on Skyworks Solutions from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum increased their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price objective on shares of Skyworks Solutions from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley restated a “buy” rating and set a $145.00 price objective on shares of Skyworks Solutions in a report on Tuesday. Finally, BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and an average price target of $114.70.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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