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

Toronto Dominion Bank lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 36.3% during the 4th quarter, according to its most recent disclosure with the SEC. 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 filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SWKS. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley cut their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Down 1.3%

NASDAQ SWKS traded down $0.92 on Friday, reaching $68.58. The company had a trading volume of 15,911,526 shares, compared to its average volume of 3,003,822. The firm has a market capitalization of $10.30 billion, a PE ratio of 21.04, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The firm has a 50-day moving average of $63.73 and a 200-day moving average of $75.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

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.