MONECO Advisors LLC Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

MONECO Advisors LLC reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,173 shares of the semiconductor manufacturer’s stock after selling 547 shares during the quarter. MONECO Advisors LLC’s holdings in Skyworks Solutions were worth $244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Safeguard Investment Advisory Group LLC lifted its stake in shares of Skyworks Solutions by 0.6% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after buying an additional 99 shares during the period. John G Ullman & Associates Inc. lifted its stake in shares of Skyworks Solutions by 3.1% during the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 100 shares during the period. Lcnb Corp lifted its stake in shares of Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after buying an additional 100 shares during the period. Syntax Advisors LLC lifted its stake in shares of Skyworks Solutions by 5.4% during the third quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after buying an additional 113 shares during the period. Finally, Unison Advisors LLC lifted its position in Skyworks Solutions by 0.7% during the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock valued at $1,911,000 after purchasing an additional 115 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $2.00 on Monday, reaching $106.37. 1,131,116 shares of the company were exchanged, compared to its average volume of 2,393,669. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 4.89 and a beta of 1.24. The business has a 50-day moving average price of $96.33 and a 200 day moving average price of $102.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts forecast that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.56%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Susquehanna restated a “neutral” rating and set a $90.00 target price (down from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TD Cowen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $125.00 to $90.00 in a research report on Wednesday, May 1st. Citigroup decreased their target price on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research report on Thursday, May 2nd. Finally, Rosenblatt Securities decreased their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $106.25.

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.