Raymond James & Associates lowered its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 45.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,758 shares of the semiconductor manufacturer’s stock after selling 62,007 shares during the period. Raymond James & Associates’ holdings in Skyworks Solutions were worth $5,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $25,000. AdvisorNet Financial Inc lifted its stake in Skyworks Solutions by 98.5% during the 4th quarter. AdvisorNet Financial Inc now owns 405 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 201 shares during the period. Doyle Wealth Management bought a new position in Skyworks Solutions during the 4th quarter valued at about $30,000. First Hawaiian Bank lifted its stake in Skyworks Solutions by 251.9% during the 4th quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 340 shares during the period. Finally, Manchester Capital Management LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

Several equities analysts have issued reports on SWKS shares. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $90.00 in a research note on Monday, January 28th. CIBC reiterated a “market perform” rating on shares of Skyworks Solutions in a research note on Monday, January 7th. Goldman Sachs Group upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Wednesday, February 6th. Canaccord Genuity reiterated a “buy” rating and issued a $84.00 price objective (down previously from $96.00) on shares of Skyworks Solutions in a research note on Wednesday, January 9th. Finally, Craig Hallum reiterated a “buy” rating and issued a $90.00 price objective (down previously from $105.00) on shares of Skyworks Solutions in a research note on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. Skyworks Solutions has an average rating of “Hold” and an average target price of $93.00.

In related news, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $81.05, for a total value of $243,150.00. Following the completion of the transaction, the director now directly owns 203,922 shares of the company’s stock, valued at $16,527,878.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Peter L. Gammel sold 1,915 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $83.91, for a total value of $160,687.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,918 shares of company stock valued at $780,053. 0.47% of the stock is currently owned by insiders.

SWKS stock opened at $83.76 on Friday. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $111.91. The firm has a market capitalization of $14.58 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. Skyworks Solutions had a net margin of 29.91% and a return on equity of 29.30%. The firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $974.70 million. During the same period last year, the firm posted $2.00 earnings per share. Skyworks Solutions’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions Inc will post 5.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, February 26th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, February 25th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.

Skyworks Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Skyworks Solutions Company Profile

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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