Gilman Hill Asset Management LLC Sells 4,190 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Gilman Hill Asset Management LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,476 shares of the semiconductor manufacturer’s stock after selling 4,190 shares during the period. Gilman Hill Asset Management LLC’s holdings in Skyworks Solutions were worth $3,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWKS. Mercer Global Advisors Inc. ADV boosted its holdings in Skyworks Solutions by 8.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 25,508 shares of the semiconductor manufacturer’s stock worth $2,704,000 after purchasing an additional 1,966 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Skyworks Solutions by 5.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 19,925 shares of the semiconductor manufacturer’s stock worth $2,124,000 after buying an additional 946 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the second quarter worth $324,000. Ensign Peak Advisors Inc increased its position in Skyworks Solutions by 1.5% during the second quarter. Ensign Peak Advisors Inc now owns 67,411 shares of the semiconductor manufacturer’s stock valued at $7,185,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Skyworks Solutions by 13.3% in the second quarter. Profund Advisors LLC now owns 14,487 shares of the semiconductor manufacturer’s stock valued at $1,544,000 after acquiring an additional 1,706 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SWKS shares. Craig Hallum cut their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Mizuho reduced their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. B. Riley cut 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 report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.12.

Skyworks Solutions Trading Up 2.4 %

SWKS opened at $93.64 on Monday. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $88.57 and a 200 day moving average of $97.61. The firm has a market cap of $14.97 billion, a P/E ratio of 25.31, a P/E/G ratio of 1.99 and a beta of 1.15.

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 the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion for 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 company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity

In related news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

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.