Independent Solutions Wealth Management LLC Sells 538 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Independent Solutions Wealth Management LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,412 shares of the semiconductor manufacturer’s stock after selling 538 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Skyworks Solutions were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth about $27,000. Rothschild Investment LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the 3rd quarter worth approximately $27,000. Investors Research Corp raised its holdings in 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 buying an additional 213 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS traded down $0.12 during trading on Thursday, hitting $88.54. The stock had a trading volume of 1,257,554 shares, compared to its average volume of 2,381,822. The firm has a market capitalization of $14.16 billion, a P/E ratio of 23.93, a PEG ratio of 2.01 and a beta of 1.19. The company’s 50-day moving average price is $90.21 and its 200 day moving average price is $99.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86.

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. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 75.68%.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,520 shares of company stock worth $2,083,803. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SWKS has been the subject of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Susquehanna cut their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum cut their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, B. Riley dropped 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. Three research 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, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $101.00.

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.