iA Global Asset Management Inc. Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

iA Global Asset Management Inc. trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 96.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309 shares of the semiconductor manufacturer’s stock after selling 9,273 shares during the period. iA Global Asset Management Inc.’s holdings in Skyworks Solutions were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal London Asset Management Ltd. increased its stake in shares of Skyworks Solutions by 6.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 70,392 shares of the semiconductor manufacturer’s stock worth $6,242,000 after purchasing an additional 4,567 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter worth $56,000. Xponance Inc. increased its stake in shares of Skyworks Solutions by 14.0% in the 4th quarter. Xponance Inc. now owns 25,212 shares of the semiconductor manufacturer’s stock worth $2,236,000 after purchasing an additional 3,103 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Skyworks Solutions by 93.9% in the 4th quarter. Advisors Asset Management Inc. now owns 45,143 shares of the semiconductor manufacturer’s stock worth $4,003,000 after purchasing an additional 21,860 shares in the last quarter. Finally, Haven Capital Group Inc. purchased a new stake in shares of Skyworks Solutions in the 4th quarter worth $1,457,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 1.7 %

Shares of NASDAQ SWKS opened at $67.25 on Friday. The firm’s 50-day moving average price is $75.68 and its 200-day moving average price is $86.62. 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 $10.81 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

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

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWKS. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Finally, Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions 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.