Xcel Wealth Management LLC Decreases Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Xcel Wealth Management LLC lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 44.5% in the fourth quarter, Holdings Channel reports. The fund owned 10,048 shares of the semiconductor manufacturer’s stock after selling 8,060 shares during the quarter. Xcel Wealth Management LLC’s holdings in Skyworks Solutions were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Inc. AR raised its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after acquiring an additional 372 shares in the last quarter. Versor Investments LP raised its position in shares of Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after acquiring an additional 10,658 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after acquiring an additional 325,672 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after acquiring an additional 57,146 shares in the last quarter. Finally, Barclays PLC raised its position 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 valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SWKS shares. Loop Capital started coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target on the stock. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Susquehanna dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $66.66 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm’s 50-day simple moving average is $82.15 and its 200 day simple moving average is $90.77. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.71 billion, a P/E ratio of 20.45, 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 for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

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.