Moors & Cabot Inc. Has $220,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Moors & Cabot Inc. decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 63.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,486 shares of the semiconductor manufacturer’s stock after selling 4,332 shares during the period. Moors & Cabot Inc.’s holdings in Skyworks Solutions were worth $220,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wealthfront Advisers LLC grew its stake in shares of Skyworks Solutions by 135.2% in the 4th quarter. Wealthfront Advisers LLC now owns 42,398 shares of the semiconductor manufacturer’s stock valued at $3,760,000 after buying an additional 24,374 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Skyworks Solutions by 42.3% in the 4th quarter. Inspire Advisors LLC now owns 14,538 shares of the semiconductor manufacturer’s stock valued at $1,289,000 after buying an additional 4,323 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock valued at $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Skyworks Solutions by 74.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer’s stock valued at $7,649,000 after buying an additional 36,781 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Skyworks Solutions by 246.4% in the 4th quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer’s stock valued at $127,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 3.3 %

SWKS opened at $69.40 on Monday. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. The business has a 50 day moving average of $77.92 and a 200-day moving average of $87.81.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. Skyworks Solutions’s payout ratio is 85.89%.

Analysts Set New Price Targets

Several brokerages recently commented on SWKS. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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.