Aviso Wealth Management Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviso Wealth Management reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 78.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,943 shares of the semiconductor manufacturer’s stock after selling 10,613 shares during the quarter. Aviso Wealth Management’s holdings in Skyworks Solutions were worth $261,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SWKS. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions in the third quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC purchased a new position in Skyworks Solutions during the third quarter worth approximately $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $68.22 on Wednesday. The firm has a 50-day moving average price of $74.79 and a 200 day moving average price of $86.07. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a market capitalization of $10.97 billion, a PE ratio of 20.93, a P/E/G 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.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.10%. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Barclays cut their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

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.