Cetera Investment Advisers Sells 333 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cetera Investment Advisers decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 40,564 shares of the semiconductor manufacturer’s stock after selling 333 shares during the period. Cetera Investment Advisers’ holdings in Skyworks Solutions were worth $2,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SWKS. Mattson Financial Services LLC bought a new position in shares of Skyworks Solutions in the 4th quarter valued at $37,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Skyworks Solutions by 60.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock valued at $50,000 after purchasing an additional 631 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Skyworks Solutions during the 1st quarter worth $52,000. Finally, Quadrant Capital Group LLC grew its position in Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.2%

Shares of NASDAQ:SWKS opened at $67.52 on Thursday. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The business’s 50-day moving average is $72.68 and its 200-day moving average is $69.96. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $110.76.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.50% and a net margin of 9.88%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.2%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research reports. Citigroup boosted their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the stock a “sell” rating in a research report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Susquehanna boosted their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Finally, Mizuho boosted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $72.87.

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.