Green Alpha Advisors LLC Sells 528 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Green Alpha Advisors LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,078 shares of the semiconductor manufacturer’s stock after selling 528 shares during the period. Green Alpha Advisors LLC’s holdings in Skyworks Solutions were worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Investors Research Corp boosted its position 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 period. Matrix Trust Co acquired a new position in shares of Skyworks Solutions in the third quarter valued at $39,000. 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. Institutional investors own 85.43% of the company’s stock.

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research reports. Loop Capital began coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Barclays decreased their target price on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley reduced their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Susquehanna lowered their price objective 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. Finally, Citigroup lifted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $101.71.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $90.20 on Monday. Skyworks Solutions, Inc. has a 1 year low of $82.13 and a 1 year high of $120.86. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The company’s 50 day simple moving average is $88.33 and its 200 day simple moving average is $98.11.

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

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

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.