Hennessy Advisors Inc. Trims Holdings in Skyworks Solutions Inc (NASDAQ:SWKS)

Hennessy Advisors Inc. cut its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,000 shares of the semiconductor manufacturer’s stock after selling 2,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Skyworks Solutions were worth $3,506,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in Skyworks Solutions during the fourth quarter valued at $248,000. Johanson Financial Advisors Inc. bought a new stake in Skyworks Solutions during the fourth quarter valued at $278,000. Allred Capital Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at $27,000. Smithbridge Asset Management Inc. DE boosted its stake in Skyworks Solutions by 12.7% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 42,233 shares of the semiconductor manufacturer’s stock valued at $5,105,000 after buying an additional 4,765 shares during the period. Finally, Gateway Investment Advisers LLC boosted its stake in Skyworks Solutions by 4.2% during the fourth quarter. Gateway Investment Advisers LLC now owns 99,025 shares of the semiconductor manufacturer’s stock valued at $11,970,000 after buying an additional 3,981 shares during the period. 83.03% of the stock is owned by institutional investors.

In related news, Director David J. Aldrich sold 40,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $97.47, for a total transaction of $3,898,800.00. Following the transaction, the director now owns 213,032 shares in the company, valued at approximately $20,764,229.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 7,560 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $120.01, for a total value of $907,275.60. Following the transaction, the director now owns 155,592 shares in the company, valued at approximately $18,672,595.92. The disclosure for this sale can be found here. In the last three months, insiders sold 257,694 shares of company stock valued at $26,941,663. 0.64% of the stock is currently owned by corporate insiders.

Several equities research analysts recently issued reports on the company. Raymond James reissued an “outperform” rating and set a $110.00 price objective (up previously from $90.00) on shares of Skyworks Solutions in a research note on Wednesday, November 13th. BMO Capital Markets lifted their price objective on Skyworks Solutions to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. BidaskClub lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. Cowen reissued an “outperform” rating and set a $105.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, November 13th. They noted that the move was a valuation call. Finally, Loop Capital lifted their price objective on Skyworks Solutions to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $103.87.

Shares of SWKS stock opened at $123.34 on Wednesday. The business has a 50-day moving average price of $112.95 and a two-hundred day moving average price of $91.08. Skyworks Solutions Inc has a 12-month low of $66.29 and a 12-month high of $125.75. The firm has a market cap of $20.46 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The firm had revenue of $827.00 million during the quarter, compared to analyst estimates of $824.01 million. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company’s revenue was down 18.0% compared to the same quarter last year. On average, equities analysts expect that Skyworks Solutions Inc will post 5.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, December 2nd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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