Gateway Wealth Partners LLC Decreases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Gateway Wealth Partners LLC lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,225 shares of the semiconductor manufacturer’s stock after selling 150 shares during the period. Gateway Wealth Partners LLC’s holdings in Skyworks Solutions were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Skyworks Solutions by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after acquiring an additional 176,070 shares during the last quarter. Geode Capital Management LLC increased its stake in Skyworks Solutions by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after acquiring an additional 28,009 shares during the last quarter. FMR LLC raised its position in 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 during the period. Wellington Management Group LLP lifted its stake in shares of Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.4 %

Shares of NASDAQ SWKS opened at $90.16 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The business has a 50-day moving average of $89.69 and a two-hundred day moving average of $96.76.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 earnings per share. On average, analysts forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. 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%.

Analyst Ratings Changes

Several brokerages recently issued reports on SWKS. B. Riley reduced their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Citigroup lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Susquehanna decreased their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $101.12.

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

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.