Vontobel Holding Ltd. Sells 5,488 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vontobel Holding Ltd. decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,194 shares of the semiconductor manufacturer’s stock after selling 5,488 shares during the period. Vontobel Holding Ltd.’s holdings in Skyworks Solutions were worth $3,507,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $1,133,000. Louisiana State Employees Retirement System purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $1,079,000. Koshinski Asset Management Inc. raised its position in Skyworks Solutions by 25.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 5,864 shares of the semiconductor manufacturer’s stock valued at $659,000 after purchasing an additional 1,198 shares in the last quarter. Xcel Wealth Management LLC raised its position in Skyworks Solutions by 4.6% during the fourth quarter. Xcel Wealth Management LLC now owns 15,795 shares of the semiconductor manufacturer’s stock valued at $1,776,000 after purchasing an additional 700 shares in the last quarter. Finally, Essex LLC raised its position in Skyworks Solutions by 3.7% during the fourth quarter. Essex LLC now owns 31,574 shares of the semiconductor manufacturer’s stock valued at $3,550,000 after purchasing an additional 1,135 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $98.47 on Thursday. The stock’s 50 day simple moving average is $104.77 and its two-hundred day simple moving average is $101.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.84 and a beta of 1.37. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.33 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.76%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SWKS shares. B. Riley raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna lifted their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.10.

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.