Capital Investment Advisory Services LLC Acquires Shares of 2,354 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisory Services LLC bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, Holdings Channel.com reports. The firm bought 2,354 shares of the semiconductor manufacturer’s stock, valued at approximately $209,000.

Other large investors have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Investors Research Corp boosted 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 worth $34,000 after acquiring an additional 213 shares during the period. Matrix Trust Co bought a new position in shares of Skyworks Solutions in the third quarter worth $39,000. Valley Wealth Managers Inc. purchased a new position in shares of Skyworks Solutions in the third quarter valued at $40,000. Finally, Quest Partners LLC bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SWKS. Susquehanna reduced their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. B. Riley reduced their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Craig Hallum decreased their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.12.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $88.76 on Friday. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.27 billion, a PE ratio of 23.99, a PEG ratio of 1.99 and a beta of 1.15. The company’s fifty day moving average is $89.84 and its 200 day moving average is $96.52. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week 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, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Skyworks Solutions’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 EPS. Research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

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.