Toronto Dominion Bank Sells 1,266 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Toronto Dominion Bank lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,600 shares of the semiconductor manufacturer’s stock after selling 1,266 shares during the quarter. Toronto Dominion Bank’s holdings in Skyworks Solutions were worth $8,356,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Forsta AP Fonden lifted its stake in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after buying an additional 7,900 shares during the period. Versor Investments LP raised its holdings in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after acquiring an additional 10,658 shares in the last quarter. Van ECK Associates Corp raised its holdings in Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after acquiring an additional 325,672 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Skyworks Solutions by 20.2% in the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after acquiring an additional 6,151 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $1,570,000. 85.43% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,520 shares of company stock valued at $2,083,803. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 1.5 %

Shares of NASDAQ SWKS opened at $90.98 on Friday. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm’s 50-day simple moving average is $90.59 and its 200 day simple moving average is $99.39. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.19.

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, topping 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $1.95 earnings per share. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. On average, research analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. Skyworks Solutions’s payout ratio is 75.68%.

Analysts Set New Price Targets

A number of research analysts recently commented on SWKS shares. Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Loop Capital started coverage on shares of Skyworks Solutions in a research note on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Craig Hallum cut their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley decreased their price objective 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. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.00.

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.