Aviva PLC Sells 7,448 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviva PLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,214 shares of the semiconductor manufacturer’s stock after selling 7,448 shares during the quarter. Aviva PLC’s holdings in Skyworks Solutions were worth $4,808,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SWKS. Resona Asset Management Co. Ltd. bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $3,990,000. Integrated Quantitative Investments LLC acquired a new stake in Skyworks Solutions during the fourth quarter worth approximately $372,000. PAX Financial Group LLC grew its stake in Skyworks Solutions by 0.8% during the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer’s stock worth $1,949,000 after purchasing an additional 168 shares during the period. Grant Private Wealth Management Inc acquired a new stake in Skyworks Solutions during the fourth quarter worth approximately $240,000. Finally, Arete Wealth Advisors LLC grew its stake in Skyworks Solutions by 21.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 2,971 shares of the semiconductor manufacturer’s stock worth $264,000 after purchasing an additional 531 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup raised their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions 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 price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $60.27 on Thursday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $66.50 and its two-hundred day simple moving average is $82.68. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly 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 return on equity of 12.60% and a net margin of 13.02%. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

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.