Great Lakes Advisors LLC Reduces Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Great Lakes Advisors LLC trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 61.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,903 shares of the semiconductor manufacturer’s stock after selling 20,934 shares during the quarter. Great Lakes Advisors LLC’s holdings in Skyworks Solutions were worth $1,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SWKS. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the period. Milestone Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions in the third quarter worth approximately $34,000. AdvisorNet Financial Inc lifted its stake in shares of Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares during the last quarter. Vestor Capital LLC purchased a new position in Skyworks Solutions during the 4th quarter valued at $43,000. Finally, West Branch Capital LLC grew its position in Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling

In related news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Skyworks Solutions Trading Down 1.7 %

NASDAQ:SWKS opened at $92.45 on Wednesday. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $100.55 and a 200-day simple moving average of $102.22. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a market capitalization of $14.83 billion, a P/E ratio of 17.38, a PEG ratio of 4.41 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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

Wall Street Analyst Weigh In

SWKS has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Citigroup dropped their price objective on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $106.25.

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.