Arete Wealth Advisors LLC Lowers Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arete Wealth Advisors LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,440 shares of the semiconductor manufacturer’s stock after selling 165 shares during the period. Arete Wealth Advisors LLC’s holdings in Skyworks Solutions were worth $240,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions during the second quarter worth about $27,000. Erste Asset Management GmbH acquired a new position in Skyworks Solutions during the third quarter worth about $27,000. Blue Trust Inc. increased its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Finally, Investors Research Corp lifted 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 valued at $34,000 after acquiring an additional 213 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,520 shares of company stock worth $2,083,803 over the last three months. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho lowered their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Piper Sandler dropped their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Citigroup cut their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a research note on Wednesday, November 13th. B. Riley dropped their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Craig Hallum cut their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Trading Up 1.5 %

NASDAQ SWKS opened at $90.98 on Friday. The company has a market cap of $14.55 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.01 and a beta of 1.19. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The company has a 50-day moving average of $90.59 and a 200-day moving average of $99.39.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 earnings per share. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 75.68%.

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.