Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 15.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,422 shares of the semiconductor manufacturer’s stock after selling 1,845 shares during the quarter. Venture Visionary Partners LLC’s holdings in Skyworks Solutions were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SWKS. Vanguard Group Inc. grew its position in shares of Skyworks Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after purchasing an additional 53,389 shares in the last quarter. State Street Corp grew its position in shares of Skyworks Solutions by 3.7% in the first quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock valued at $905,804,000 after purchasing an additional 276,958 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Skyworks Solutions by 3.4% in the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after purchasing an additional 136,188 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Skyworks Solutions by 1.7% in the first quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock valued at $416,436,000 after purchasing an additional 60,213 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Skyworks Solutions by 15.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock valued at $299,442,000 after purchasing an additional 428,364 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SWKS shares. B. Riley upped their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Mizuho upped their price target on Skyworks Solutions from $108.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Susquehanna increased their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Cowen increased their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Trading Up 0.7 %

SWKS opened at $105.48 on Friday. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The business has a fifty day simple moving average of $104.95 and a 200-day simple moving average of $101.40. The firm has a market cap of $16.90 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.96 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $2.33 earnings per share. On average, equities analysts expect that Skyworks Solutions, Inc. will post 5.64 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is currently 48.23%.

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.