Fulton Bank N.A. Has $280,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Fulton Bank N.A. cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,163 shares of the semiconductor manufacturer’s stock after selling 368 shares during the period. Fulton Bank N.A.’s holdings in Skyworks Solutions were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Forsta AP Fonden grew its position in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after acquiring an additional 7,900 shares during the period. Versor Investments LP lifted its stake in shares of Skyworks Solutions by 115.3% during the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after acquiring an additional 10,658 shares during the period. Van ECK Associates Corp lifted its stake in Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after buying an additional 325,672 shares during the period. Captrust Financial Advisors lifted its stake in Skyworks Solutions by 20.2% in the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after buying an additional 6,151 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in Skyworks Solutions in the third quarter valued at about $1,570,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Down 2.6 %

SWKS stock opened at $90.20 on Friday. Skyworks Solutions, Inc. has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $88.30 and its 200-day moving average is $98.33. The firm has a market capitalization of $14.42 billion, a PE ratio of 24.38, a P/E/G ratio of 2.01 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. Sell-side analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Analyst Ratings Changes

Several brokerages have issued reports on SWKS. Mizuho lowered their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Morgan Stanley lowered their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Barclays decreased their target price on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Finally, Susquehanna reduced their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.71.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,520 shares of company stock valued at $2,083,803. 0.34% of the stock is owned by insiders.

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.