M. Kulyk & Associates LLC Sells 27,394 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

M. Kulyk & Associates LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 54.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,646 shares of the semiconductor manufacturer’s stock after selling 27,394 shares during the period. M. Kulyk & Associates LLC’s holdings in Skyworks Solutions were worth $2,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SWKS. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the fourth quarter worth about $29,000. Investors Research Corp boosted its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions during the third quarter worth about $40,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $72.61 on Friday. The company’s 50 day moving average is $79.89 and its 200-day moving average is $89.29. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. 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 firm has a market cap of $11.67 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results 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 return on equity of 12.60% and a net margin of 13.02%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share 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 3.86%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley dropped their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Craig Hallum dropped their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.78.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions 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.