CGN Advisors LLC Sells 1,734 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

CGN Advisors LLC lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,492 shares of the semiconductor manufacturer’s stock after selling 1,734 shares during the period. CGN Advisors LLC’s holdings in Skyworks Solutions were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. Acadian Asset Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $219,000. American Century Companies Inc. raised its position in Skyworks Solutions by 5.7% during the second quarter. American Century Companies Inc. now owns 214,931 shares of the semiconductor manufacturer’s stock worth $22,907,000 after acquiring an additional 11,643 shares in the last quarter. Federated Hermes Inc. lifted its stake in Skyworks Solutions by 8.1% in the second quarter. Federated Hermes Inc. now owns 16,823 shares of the semiconductor manufacturer’s stock valued at $1,793,000 after acquiring an additional 1,264 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $2,041,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Skyworks Solutions by 8.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 25,508 shares of the semiconductor manufacturer’s stock worth $2,704,000 after purchasing an additional 1,966 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $93.64 on Friday. The company has a 50 day moving average of $88.57 and a 200-day moving average of $97.72. The company has a market cap of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. 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 released its earnings results 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. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Craig Hallum decreased their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Loop Capital assumed coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, Barclays cut their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.12.

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.