Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Holdings Lessened by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,305 shares of the semiconductor manufacturer’s stock after selling 4,872 shares during the period. Pictet Asset Management Holding SA’s holdings in Skyworks Solutions were worth $6,767,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SWKS. Resources Management Corp CT ADV grew its holdings in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after acquiring an additional 142 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after purchasing an additional 143 shares during the last quarter. Savant Capital LLC grew its stake in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares in the last quarter. Principal Securities Inc. increased its position in Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after purchasing an additional 167 shares during the last quarter. Finally, Guardian Wealth Management Inc. raised its stake in shares of Skyworks Solutions by 1.7% during the 3rd quarter. Guardian Wealth Management Inc. now owns 10,228 shares of the semiconductor manufacturer’s stock worth $1,010,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Barclays dropped their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.78.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $56.76 on Friday. The company’s fifty day moving average is $70.78 and its two-hundred day moving average is $84.49. Skyworks Solutions, Inc. has a 52-week low of $56.75 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

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.