Federated Hermes Inc. Sells 139,520 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Federated Hermes Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 85.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,641 shares of the semiconductor manufacturer’s stock after selling 139,520 shares during the quarter. Federated Hermes Inc.’s holdings in Skyworks Solutions were worth $2,658,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its holdings in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Skyworks Solutions during the third quarter worth about $34,000. AdvisorNet Financial Inc raised its holdings in Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 316 shares in the last quarter. West Branch Capital LLC raised its holdings in Skyworks Solutions by 8,000.0% during the fourth quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 400 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Skyworks Solutions by 47.9% during the fourth quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $104.30 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The stock’s 50 day moving average is $104.07 and its 200-day moving average is $101.80. 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 company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.93 and a beta of 1.37.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

Analyst Ratings Changes

Several analysts recently issued reports on SWKS shares. Susquehanna upped their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.10.

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.