US Bancorp DE Sells 3,930 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

US Bancorp DE trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,372 shares of the semiconductor manufacturer’s stock after selling 3,930 shares during the quarter. US Bancorp DE’s holdings in Skyworks Solutions were worth $3,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the third quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the fourth quarter valued at about $28,000. Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions in the third quarter valued at about $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions in the third quarter valued at about $41,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Barclays dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Price Performance

Shares of SWKS opened at $67.39 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a 50 day simple moving average of $81.17 and a 200 day simple moving average of $89.97. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a market capitalization of $10.83 billion, a PE ratio of 20.67, a P/E/G ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.15%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by 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.