Aviso Wealth Management Trims Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviso Wealth Management reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,556 shares of the semiconductor manufacturer's stock after selling 10,737 shares during the quarter. Aviso Wealth Management's holdings in Skyworks Solutions were worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock valued at $481,552,000 after acquiring an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock valued at $370,768,000 after purchasing an additional 1,233,618 shares during the last quarter. Swedbank AB acquired a new stake in Skyworks Solutions in the 1st quarter valued at about $110,086,000. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after purchasing an additional 745,374 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock valued at $71,708,000 after acquiring an additional 713,636 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on SWKS. Rosenblatt Securities raised their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Bank of America raised their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Skyworks Solutions to a "hold" rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and an average target price of $101.00.

Skyworks Solutions Trading Up 0.1 %

Shares of SWKS stock traded up $0.09 during mid-day trading on Monday, reaching $83.78. The stock had a trading volume of 1,282,095 shares, compared to its average volume of 2,377,937. The stock's 50-day moving average price is $95.14 and its two-hundred day moving average price is $100.23. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86. The firm has a market capitalization of $13.38 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 2.19 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. The company's revenue for the quarter was down 15.9% compared to the same quarter last year. Equities analysts expect that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company's stock, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock worth $3,034,265 over the last 90 days. 0.35% of the stock is 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.