Lake Street Advisors Group LLC Sells 1,244 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Lake Street Advisors Group LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,004 shares of the semiconductor manufacturer’s stock after selling 1,244 shares during the period. Lake Street Advisors Group LLC’s holdings in Skyworks Solutions were worth $266,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions in the 4th quarter valued at $28,000. Investors Research Corp grew its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter worth $41,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 4.0 %

Shares of NASDAQ:SWKS opened at $66.66 on Friday. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. 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 business has a 50-day moving average price of $82.15 and a 200-day moving average price of $90.77.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business 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 annualized dividend and a yield of 4.20%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

Insider Buying and Selling

In related news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of recent research reports. Citigroup increased their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Barclays dropped their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target 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 research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.78.

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.