D.A. Davidson & CO. Sells 2,032 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

D.A. Davidson & CO. reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,594 shares of the semiconductor manufacturer’s stock after selling 2,032 shares during the quarter. D.A. Davidson & CO.’s holdings in Skyworks Solutions were worth $2,133,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after purchasing an additional 182,130 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Skyworks Solutions by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 151,495 shares of the semiconductor manufacturer’s stock valued at $14,963,000 after buying an additional 4,527 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $1,570,000. Private Trust Co. NA increased its stake in Skyworks Solutions by 18.4% in the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after buying an additional 146 shares during the last quarter. Finally, Mirabella Financial Services LLP lifted its position in Skyworks Solutions by 210.6% during the 3rd quarter. Mirabella Financial Services LLP now owns 15,680 shares of the semiconductor manufacturer’s stock worth $1,496,000 after buying an additional 10,632 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 in the last 90 days. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Mizuho lowered their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Citigroup cut their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $87.59 on Friday. The firm has a market cap of $14.01 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. The business’s 50 day moving average is $92.65 and its 200-day moving average is $99.71. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 EPS. Equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.20%. Skyworks Solutions’s payout ratio is presently 75.68%.

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.