Vontobel Holding Ltd. Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vontobel Holding Ltd. lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 21.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 21,442 shares of the semiconductor manufacturer’s stock after selling 5,938 shares during the period. Vontobel Holding Ltd.’s holdings in Skyworks Solutions were worth $2,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laidlaw Wealth Management LLC boosted its stake in Skyworks Solutions by 5.0% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,651 shares of the semiconductor manufacturer’s stock valued at $256,000 after buying an additional 78 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Skyworks Solutions by 6.9% in the 1st quarter. ARK Investment Management LLC now owns 1,344 shares of the semiconductor manufacturer’s stock valued at $179,000 after purchasing an additional 87 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Skyworks Solutions by 2.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,602 shares of the semiconductor manufacturer’s stock valued at $559,000 after purchasing an additional 91 shares during the last quarter. Shepherd Kaplan Krochuk LLC lifted its stake in shares of Skyworks Solutions by 6.7% in the 4th quarter. Shepherd Kaplan Krochuk LLC now owns 1,524 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 96 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of Skyworks Solutions by 6.4% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 1,587 shares of the semiconductor manufacturer’s stock valued at $211,000 after purchasing an additional 96 shares during the last quarter. 74.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Karilee A. Durham sold 5,858 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the transaction, the senior vice president now directly owns 10,130 shares in the company, valued at approximately $1,137,193.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Skyworks Solutions Trading Up 0.6 %

Shares of NASDAQ:SWKS opened at $99.88 on Friday. Skyworks Solutions, Inc. has a 12-month low of $88.76 and a 12-month high of $182.24. The business’s fifty day simple moving average is $103.84 and its 200-day simple moving average is $111.78. The company has a market capitalization of $16.03 billion, a PE ratio of 12.69, a P/E/G ratio of 0.86 and a beta of 1.21. The company has a current ratio of 2.37, a quick ratio of 1.47 and a debt-to-equity ratio of 0.32.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.39. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $1.96 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 9.95 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.48%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, August 24th. Skyworks Solutions’s payout ratio is 31.51%.

Analysts Set New Price Targets

SWKS has been the subject of several analyst reports. Cowen set a $132.00 price objective on Skyworks Solutions in a research note on Tuesday, July 19th. Raymond James lowered their price objective on Skyworks Solutions from $170.00 to $150.00 in a research note on Friday, August 5th. Wells Fargo & Company lowered their price objective on Skyworks Solutions from $160.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, July 11th. Susquehanna Bancshares decreased their price target on Skyworks Solutions to $120.00 in a research note on Monday, July 25th. Finally, TheStreet lowered Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.30.

Skyworks Solutions Company Profile

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Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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