ING Groep NV Trims Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

ING Groep NV trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 74.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,499 shares of the semiconductor manufacturer’s stock after selling 15,862 shares during the quarter. ING Groep NV’s holdings in Skyworks Solutions were worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in Skyworks Solutions by 292.9% during the third quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 984 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 15.1% during the third quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock valued at $255,000 after acquiring an additional 338 shares in the last quarter. International Assets Investment Management LLC raised its position in Skyworks Solutions by 6,598.9% during the third quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock valued at $19,287,000 after acquiring an additional 192,359 shares in the last quarter. Forsta AP Fonden raised its position in Skyworks Solutions by 27.0% during 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 in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at approximately $621,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $66.53 on Tuesday. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. 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 company has a market capitalization of $10.69 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.79 and a beta of 1.14. The stock’s fifty day moving average is $84.00 and its two-hundred day moving average is $91.63.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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%. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SWKS. Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Bank of America dropped their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.