Vinva Investment Management Ltd Sells 386 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vinva Investment Management Ltd lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,281 shares of the semiconductor manufacturer’s stock after selling 386 shares during the period. Vinva Investment Management Ltd’s holdings in Skyworks Solutions were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the fourth quarter worth $29,000. Investors Research Corp increased its position in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Skyworks Solutions in the fourth quarter worth $33,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWKS. Bank of America reduced their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Down 1.7 %

NASDAQ:SWKS opened at $67.25 on Friday. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a 50-day moving average of $75.68 and a 200 day moving average of $86.73. The firm has a market cap of $10.81 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction 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 acquisition, 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 filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate 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.