Banque Cantonale Vaudoise Has $620,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Banque Cantonale Vaudoise decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 57.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,803 shares of the semiconductor manufacturer’s stock after selling 9,100 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Skyworks Solutions were worth $620,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SWKS. Edmp Inc. boosted its stake in Skyworks Solutions by 8,838.8% in the 4th quarter. Edmp Inc. now owns 3,399,240 shares of the semiconductor manufacturer’s stock valued at $37,301,000 after buying an additional 3,361,212 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Skyworks Solutions by 74.9% in the 4th quarter. Victory Capital Management Inc. now owns 4,160,288 shares of the semiconductor manufacturer’s stock valued at $379,127,000 after buying an additional 1,781,488 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Skyworks Solutions by 85.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 848,178 shares of the semiconductor manufacturer’s stock valued at $77,294,000 after buying an additional 390,044 shares in the last quarter. HRT Financial LP bought a new position in Skyworks Solutions in the 4th quarter valued at $30,082,000. Finally, Artemis Investment Management LLP bought a new position in Skyworks Solutions in the 4th quarter valued at $29,349,000. Institutional investors and hedge funds own 75.37% of the company’s stock.

Skyworks Solutions Stock Up 1.2 %

NASDAQ:SWKS opened at $99.98 on Friday. Skyworks Solutions, Inc. has a 1 year low of $76.16 and a 1 year high of $123.69. The company has a current ratio of 2.91, a quick ratio of 1.83 and a debt-to-equity ratio of 0.26. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.88 and a beta of 1.27. The stock has a 50-day moving average price of $107.45 and a two-hundred day moving average price of $104.05.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last posted its quarterly earnings data on Monday, May 8th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.01). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Skyworks Solutions had a return on equity of 26.38% and a net margin of 21.70%. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.29 earnings per share. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 7.45 earnings per share for the current year.

Skyworks Solutions declared that its board has authorized a stock repurchase program on Monday, February 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. Skyworks Solutions’s dividend payout ratio is currently 35.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SWKS shares. BMO Capital Markets downgraded Skyworks Solutions from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $140.00 to $100.00 in a research report on Tuesday, May 9th. Mizuho cut their price objective on Skyworks Solutions from $135.00 to $125.00 in a research report on Tuesday, May 9th. Argus cut their price objective on Skyworks Solutions from $160.00 to $140.00 in a research report on Wednesday, May 10th. KeyCorp lifted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 7th. Finally, StockNews.com began coverage on Skyworks Solutions in a research report on Thursday, May 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.46.

Skyworks Solutions Profile

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Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.