Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions during the fourth quarter worth about $33,000. Manchester Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after purchasing an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $56,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 3.2%

NASDAQ:SWKS traded up $2.22 during trading hours on Tuesday, reaching $70.91. 485,169 shares of the company were exchanged, compared to its average volume of 3,713,806. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. The stock has a 50 day simple moving average of $63.61 and a 200 day simple moving average of $75.51.

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

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays upped their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Finally, B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the company from $110.00 to $65.00 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, Skyworks Solutions has a consensus rating of "Hold" and an average target price of $78.29.

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.