Chevy Chase Trust Holdings LLC Has $7.43 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,811 shares of the semiconductor manufacturer’s stock after selling 1,822 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Skyworks Solutions worth $7,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the 4th quarter worth about $28,000. Investors Research Corp boosted its position in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions in the third quarter valued at $41,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

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

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. Skyworks Solutions’s payout ratio is presently 85.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWKS. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Craig Hallum dropped their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three investment 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.com, the stock has an average rating of “Hold” and a consensus price target of $83.78.

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.