Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,215 shares of the semiconductor manufacturer’s stock after selling 109 shares during the period. Level Four Advisory Services LLC’s holdings in Skyworks Solutions were worth $361,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. lifted its position 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 last quarter. Milestone Investment Advisors LLC purchased a new stake in Skyworks Solutions in the third quarter valued at $34,000. AdvisorNet Financial Inc lifted its position in Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares during the last quarter. Vestor Capital LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $43,000. Finally, West Branch Capital LLC lifted its position in Skyworks Solutions by 8,000.0% in the fourth 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. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Susquehanna reissued a “neutral” rating and set a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday, May 1st. Piper Sandler reduced their price objective on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Mizuho dropped their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $106.25.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $93.43 on Thursday. The stock’s 50-day moving average is $100.27 and its 200-day moving average is $102.15. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69.

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

Skyworks Solutions Dividend Announcement

The firm 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. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.91%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insiders Place Their Bets

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction on 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 acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

About Skyworks Solutions

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.