Banque Cantonale Vaudoise Sells 4,100 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Posted by on Jul 6th, 2023

Banque Cantonale Vaudoise lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 60.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,703 shares of the semiconductor manufacturer’s stock after selling 4,100 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Skyworks Solutions were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 18,027,044 shares of the semiconductor manufacturer’s stock worth $2,402,644,000 after buying an additional 94,095 shares in the last quarter. State Street Corp increased its stake in shares of Skyworks Solutions by 1.5% during the 3rd quarter. State Street Corp now owns 7,397,273 shares of the semiconductor manufacturer’s stock worth $630,765,000 after purchasing an additional 109,435 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Skyworks Solutions by 74.9% during the 4th quarter. Victory Capital Management Inc. now owns 4,160,288 shares of the semiconductor manufacturer’s stock worth $379,127,000 after purchasing an additional 1,781,488 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Skyworks Solutions by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,475,826 shares of the semiconductor manufacturer’s stock worth $316,205,000 after purchasing an additional 28,271 shares during the last quarter. Finally, Edmp Inc. increased its stake in shares of Skyworks Solutions by 8,838.8% during the 4th quarter. Edmp Inc. now owns 3,399,240 shares of the semiconductor manufacturer’s stock worth $37,301,000 after purchasing an additional 3,361,212 shares during the last quarter. Institutional investors own 78.70% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $107.30 on Thursday. Skyworks Solutions, Inc. has a 52-week low of $76.16 and a 52-week high of $123.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.83 and a current ratio of 2.91. The company has a market capitalization of $17.08 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.01 and a beta of 1.26. The company has a fifty day moving average of $104.51 and a 200-day moving average of $106.80.

Skyworks Solutions (NASDAQ:SWKS – Free Report) last posted its quarterly earnings results 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Skyworks Solutions had a return on equity of 26.38% and a net margin of 21.70%. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 7.36 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, May 30th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 35.79%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Skyworks Solutions from $108.00 to $100.00 in a research note on Tuesday, May 9th. Susquehanna decreased their price target on shares of Skyworks Solutions from $130.00 to $125.00 in a research note on Tuesday, May 9th. Barclays decreased their price target on shares of Skyworks Solutions from $125.00 to $115.00 in a research note on Tuesday, May 9th. Needham & Company LLC reduced their price objective on shares of Skyworks Solutions from $140.00 to $130.00 in a research note on Tuesday, May 9th. Finally, Robert W. Baird reduced their price objective on shares of Skyworks Solutions from $110.00 to $100.00 in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.46.

Skyworks Solutions Profile

(Free Report)

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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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