Toronto Dominion Bank Sells 30,720 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Toronto Dominion Bank cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,880 shares of the semiconductor manufacturer's stock after selling 30,720 shares during the quarter. Toronto Dominion Bank's holdings in Skyworks Solutions were worth $4,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after buying an additional 562,783 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after purchasing an additional 1,194,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Skyworks Solutions by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock valued at $452,135,000 after purchasing an additional 267,343 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Skyworks Solutions by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after purchasing an additional 63,216 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SWKS shares. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus raised their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group cut their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Down 2.6%

Shares of NASDAQ SWKS opened at $71.35 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The stock has a market capitalization of $10.71 billion, a P/E ratio of 21.89, a PEG ratio of 1.79 and a beta of 1.18. The stock's fifty day moving average is $63.65 and its 200 day moving average is $76.11.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. During the same quarter last year, the business earned $1.55 earnings per share. Skyworks Solutions's revenue was down 8.9% on a year-over-year basis. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.28% of the company's stock.

Skyworks Solutions Company 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.

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