Guardian Wealth Management Inc. Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Guardian Wealth Management Inc. reduced its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,321 shares of the semiconductor manufacturer's stock after selling 5,907 shares during the quarter. Guardian Wealth Management Inc.'s holdings in Skyworks Solutions were worth $383,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after purchasing an additional 949,407 shares during the last quarter. Sculati Wealth Management LLC grew its stake in Skyworks Solutions by 49.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 9,057 shares of the semiconductor manufacturer's stock worth $981,000 after buying an additional 2,990 shares during the last quarter. World Investment Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $4,734,000. Arvest Bank Trust Division purchased a new stake in Skyworks Solutions in the third quarter valued at approximately $11,209,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Skyworks Solutions by 1.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer's stock valued at $6,497,000 after acquiring an additional 1,244 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Barclays cut their price target on Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $80.44.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.44 during mid-day trading on Tuesday, reaching $61.68. The stock had a trading volume of 795,676 shares, compared to its average volume of 2,839,721. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month 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 business has a 50-day simple moving average of $63.16 and a 200 day simple moving average of $78.98. The company has a market cap of $9.67 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

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

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.54%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's payout ratio is 85.89%.

About Skyworks Solutions

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.