Voya Investment Management LLC Has $9.05 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Voya Investment Management LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,080 shares of the semiconductor manufacturer’s stock after selling 1,092 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Skyworks Solutions worth $9,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $33,000. Manchester Capital Management LLC increased its position in shares of 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, VSM Wealth Advisory LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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 research note on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Bank of America dropped their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $82.39.

Skyworks Solutions Price Performance

SWKS stock opened at $62.11 on Tuesday. 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 firm has a market cap of $9.74 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.79 and a beta of 1.21. The company’s 50-day moving average price is $63.16 and its two-hundred day moving average price is $78.98.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is 85.89%.

About Skyworks Solutions

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.