Narwhal Capital Management Sells 8,475 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Narwhal Capital Management trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,557 shares of the semiconductor manufacturer’s stock after selling 8,475 shares during the period. Narwhal Capital Management’s holdings in Skyworks Solutions were worth $581,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SWKS. Unison Advisors LLC grew its stake in shares of Skyworks Solutions by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after acquiring an additional 110 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after purchasing an additional 112 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock worth $141,000 after purchasing an additional 115 shares during the period. Empirical Finance LLC increased its stake in shares of Skyworks Solutions by 2.2% in the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 121 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its stake in shares of Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 133 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Trading Down 1.4 %

Shares of NASDAQ SWKS opened at $91.20 on Monday. The stock has a market capitalization of $14.58 billion, a P/E ratio of 24.65, a PEG ratio of 2.03 and a beta of 1.15. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The business’s 50 day moving average is $89.31 and its two-hundred day moving average is $97.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly 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 company had revenue of $1.03 billion for 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 quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. As a group, research analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.07%. Skyworks Solutions’s payout ratio is 75.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SWKS shares. Citigroup lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Loop Capital initiated coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective on the stock. Mizuho cut their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley lowered their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.12.

Skyworks Solutions Company 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.