London Co. of Virginia Has $158.96 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

London Co. of Virginia reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,792,525 shares of the semiconductor manufacturer's stock after selling 20,244 shares during the quarter. London Co. of Virginia owned 1.12% of Skyworks Solutions worth $158,961,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SWKS. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at $33,000. Manchester Capital Management LLC lifted its stake in Skyworks Solutions by 325.2% in 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, Quadrant Capital Group LLC boosted its position in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after acquiring an additional 218 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Trading Up 0.1%

NASDAQ SWKS traded up $0.04 during trading hours on Thursday, hitting $72.28. The company's stock had a trading volume of 2,942,370 shares, compared to its average volume of 2,905,407. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The firm has a market capitalization of $10.85 billion, a P/E ratio of 22.17, a PEG ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $63.29 and a 200 day moving average of $76.78.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on SWKS. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, UBS Group decreased their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $78.29.

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.