Vontobel Holding Ltd. Sells 1,890 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vontobel Holding Ltd. trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,972 shares of the semiconductor manufacturer’s stock after selling 1,890 shares during the quarter. Vontobel Holding Ltd.’s holdings in Skyworks Solutions were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SWKS. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions in the third quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $28,000. Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions in the third quarter worth $41,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Susquehanna lowered their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley lowered their target price 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 equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Down 0.4 %

Shares of NASDAQ:SWKS opened at $65.93 on Tuesday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. The business’s 50 day moving average price is $86.26 and its 200-day moving average price is $92.81.

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 analysts’ consensus estimates 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 forecast that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.25%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 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.