Manning & Napier Advisors LLC Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Manning & Napier Advisors LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 32.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,509 shares of the semiconductor manufacturer’s stock after selling 16,374 shares during the period. Manning & Napier Advisors LLC’s holdings in Skyworks Solutions were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Forsta AP Fonden lifted its position in shares of Skyworks Solutions by 6.2% during the fourth quarter. Forsta AP Fonden now owns 39,500 shares of the semiconductor manufacturer’s stock worth $3,503,000 after purchasing an additional 2,300 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Skyworks Solutions by 27.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 301,581 shares of the semiconductor manufacturer’s stock worth $26,744,000 after buying an additional 64,534 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in Skyworks Solutions by 70.6% during the 4th quarter. Twelve Points Wealth Management LLC now owns 28,573 shares of the semiconductor manufacturer’s stock valued at $2,534,000 after buying an additional 11,820 shares in the last quarter. KBC Group NV boosted its position in Skyworks Solutions by 114.0% in the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock valued at $110,697,000 after buying an additional 664,874 shares during the period. Finally, Blue Trust Inc. grew its stake in Skyworks Solutions by 53.9% in the 4th quarter. Blue Trust Inc. now owns 2,031 shares of the semiconductor manufacturer’s stock worth $180,000 after acquiring an additional 711 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. Piper Sandler lowered their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price target on the stock. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Susquehanna dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.12.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Up 0.4 %

Skyworks Solutions stock opened at $90.16 on Thursday. Skyworks Solutions, Inc. has a one year low of $82.13 and a one year high of $120.86. The stock has a market cap of $14.42 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock has a 50-day moving average of $89.69 and a two-hundred day moving average of $96.76.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

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.