Chesley Taft & Associates LLC Sells 2,667 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Chesley Taft & Associates LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,795 shares of the semiconductor manufacturer’s stock after selling 2,667 shares during the period. Chesley Taft & Associates LLC’s holdings in Skyworks Solutions were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Polianta Ltd bought a new position in shares of Skyworks Solutions during the 4th quarter worth $1,339,000. Aaron Wealth Advisors LLC bought a new position in Skyworks Solutions during the fourth quarter worth about $210,000. BTS Asset Management Inc. purchased a new position in shares of Skyworks Solutions in the fourth quarter worth about $229,000. 180 Wealth Advisors LLC raised its position in shares of Skyworks Solutions by 42.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 7,146 shares of the semiconductor manufacturer’s stock valued at $634,000 after purchasing an additional 2,130 shares during the period. Finally, City Center Advisors LLC bought a new position in Skyworks Solutions in the 4th quarter worth approximately $250,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SWKS. B. Riley lowered their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Piper Sandler dropped their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $101.12.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Trading Up 0.3 %

Shares of SWKS stock opened at $93.96 on Wednesday. The business has a 50-day moving average price of $88.82 and a two-hundred day moving average price of $97.45. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. 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 firm has a market cap of $15.03 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The business 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 prior year, the firm earned $1.95 earnings per share. Equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio 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.