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

iA Global Asset Management Inc. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 96.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 309 shares of the semiconductor manufacturer’s stock after selling 9,273 shares during the quarter. iA Global Asset Management Inc.’s holdings in Skyworks Solutions were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SWKS. Quest Partners LLC purchased a new position in shares of Skyworks Solutions during the third quarter worth approximately $41,000. Pathstone Holdings LLC boosted its stake in shares of Skyworks Solutions by 6.8% during the third quarter. Pathstone Holdings LLC now owns 22,640 shares of the semiconductor manufacturer’s stock valued at $2,236,000 after purchasing an additional 1,433 shares in the last quarter. Caprock Group LLC bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $219,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $403,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Skyworks Solutions by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 91,032 shares of the semiconductor manufacturer’s stock valued at $8,991,000 after purchasing an additional 1,636 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Trading Down 1.7 %

NASDAQ:SWKS opened at $67.25 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.01 and a 12 month high of $120.86. The firm has a fifty day simple moving average of $75.68 and a 200-day simple moving average of $86.62. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last issued its 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 return on equity of 12.60% and a net margin of 13.02%. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm 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 of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Bank of America dropped their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.78.

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.