Stratos Wealth Partners LTD. Sells 1,410 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Stratos Wealth Partners LTD. lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 36.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,408 shares of the semiconductor manufacturer’s stock after selling 1,410 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Skyworks Solutions were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital Insight Partners LLC boosted its position in Skyworks Solutions by 6.6% during the fourth quarter. Capital Insight Partners LLC now owns 26,002 shares of the semiconductor manufacturer’s stock valued at $2,923,000 after purchasing an additional 1,608 shares in the last quarter. International Assets Investment Management LLC boosted its position in Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after purchasing an additional 83,706 shares in the last quarter. Arvest Investments Inc. bought a new stake in Skyworks Solutions during the fourth quarter valued at about $1,445,000. Arizona State Retirement System boosted its holdings in Skyworks Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 43,808 shares of the semiconductor manufacturer’s stock worth $4,925,000 after acquiring an additional 387 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Skyworks Solutions by 3.8% in the fourth quarter. State of Michigan Retirement System now owns 54,883 shares of the semiconductor manufacturer’s stock worth $6,170,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen raised their price target on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. B. Riley raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Stock Down 1.3 %

Shares of SWKS stock opened at $100.24 on Tuesday. The stock has a 50 day moving average of $104.95 and a 200 day moving average of $101.72. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The stock has a market cap of $16.06 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.88 and a beta of 1.37. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

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.