iA Global Asset Management Inc. Trims Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

iA Global Asset Management Inc. lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 96.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 309 shares of the semiconductor manufacturer's stock after selling 9,273 shares during the period. iA Global Asset Management Inc.'s holdings in Skyworks Solutions were worth $27,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SWKS. Resources Management Corp CT ADV boosted its holdings in Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer's stock valued at $427,000 after purchasing an additional 142 shares in the last quarter. Resonant Capital Advisors LLC increased its position in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after buying an additional 143 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after acquiring an additional 144 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer's stock valued at $93,000 after acquiring an additional 146 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

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Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. Bank of America cut their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. Citigroup upped their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Mizuho cut shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Piper Sandler lowered their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $83.78.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were bought 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 directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Trading Down 0.9 %

Shares of Skyworks Solutions stock traded down $0.62 during trading hours on Wednesday, hitting $67.60. The company's stock had a trading volume of 1,920,632 shares, compared to its average volume of 2,575,056. The business has a fifty day moving average of $74.30 and a 200 day moving average of $85.94. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.87 billion, a PE ratio of 20.74, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. Skyworks Solutions's payout ratio is currently 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.