Vinva Investment Management Ltd Sells 2,010 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vinva Investment Management Ltd reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,667 shares of the semiconductor manufacturer’s stock after selling 2,010 shares during the quarter. Vinva Investment Management Ltd’s holdings in Skyworks Solutions were worth $758,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in Skyworks Solutions during the second quarter worth about $27,000. Rothschild Investment LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $27,000. Investors Research Corp boosted its stake in shares of 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. Blue Trust Inc. increased its stake in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Finally, Matrix Trust Co bought a new position in shares of Skyworks Solutions in the third quarter worth about $39,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SWKS shares. Citigroup decreased their target price on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley decreased their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Barclays cut their target price on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, Susquehanna decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.00.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 in the last 90 days. 0.34% of the stock is owned by insiders.

Skyworks Solutions Trading Up 0.9 %

NASDAQ:SWKS opened at $87.59 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm has a market capitalization of $14.01 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.93 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The business has a 50 day simple moving average of $92.44 and a 200 day simple moving average of $99.66.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results 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. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Skyworks Solutions’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. Equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.20%. Skyworks Solutions’s dividend payout ratio is 75.68%.

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.