Signaturefd LLC Sells 502 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Signaturefd LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 19.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,127 shares of the semiconductor manufacturer’s stock after selling 502 shares during the quarter. Signaturefd LLC’s holdings in Skyworks Solutions were worth $239,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after acquiring an additional 53,389 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after acquiring an additional 136,188 shares during the last quarter. Invesco Ltd. boosted its position in shares of Skyworks Solutions by 11.8% during the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after acquiring an additional 321,243 shares during the last quarter. Northern Trust Corp boosted its position in shares of Skyworks Solutions by 8.3% during the 3rd quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after acquiring an additional 160,178 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Skyworks Solutions by 24.2% during the 3rd quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $104.30 on Friday. The firm has a market cap of $16.71 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.93 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. The business’s 50 day moving average price is $104.07 and its 200-day moving average price is $101.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed 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 2.61%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a report on Wednesday, January 31st. B. Riley raised their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Susquehanna raised their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.10.

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.