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

Vinva Investment Management Ltd trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,281 shares of the semiconductor manufacturer’s stock after selling 386 shares during the quarter. 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 also recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the 3rd quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the 4th quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions during the 4th quarter valued at about $33,000. Finally, Investors Research Corp increased its stake in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWKS. Bank of America reduced their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Morgan Stanley reduced their price objective on shares of 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. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

SWKS opened at $67.25 on Friday. 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 company has a market cap of $10.81 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18. The company’s 50 day moving average is $75.68 and its 200 day moving average is $86.73. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS 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%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a dividend of $0.70 per share. 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 payout ratio is 85.89%.

Skyworks Solutions Company 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.