London Co. of Virginia Sells 20,244 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

London Co. of Virginia cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,792,525 shares of the semiconductor manufacturer’s stock after selling 20,244 shares during the period. London Co. of Virginia’s holdings in Skyworks Solutions were worth $158,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC increased its stake in Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after acquiring an additional 426 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after acquiring an additional 218 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays boosted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley decreased their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.29.

Skyworks Solutions Price Performance

SWKS stock opened at $68.23 on Monday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company’s fifty day simple moving average is $63.07 and its 200 day simple moving average is $77.00.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 4.10%. Skyworks Solutions’s payout ratio is 109.80%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is owned by company insiders.

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.