Aviva PLC Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviva PLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,214 shares of the semiconductor manufacturer's stock after selling 7,448 shares during the quarter. Aviva PLC's holdings in Skyworks Solutions were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after purchasing an additional 562,783 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after buying an additional 1,536,289 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after acquiring an additional 267,343 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after purchasing an additional 63,216 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Skyworks Solutions by 21.9% in the fourth quarter. Wellington Management Group LLP now owns 2,765,410 shares of the semiconductor manufacturer's stock worth $245,237,000 after purchasing an additional 497,575 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on SWKS. Citigroup upped their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. B. Riley downgraded shares of 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. Piper Sandler reduced their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Barclays reduced their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

SWKS stock traded up $0.33 during trading hours on Tuesday, reaching $58.05. The stock had a trading volume of 541,801 shares, compared to its average volume of 2,798,605. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The stock has a market capitalization of $9.10 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The stock has a 50-day simple moving average of $64.69 and a 200 day simple moving average of $81.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 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 purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by company insiders.

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.