Toronto Dominion Bank Sells 30,720 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Toronto Dominion Bank reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,880 shares of the semiconductor manufacturer’s stock after selling 30,720 shares during the period. Toronto Dominion Bank’s holdings in Skyworks Solutions were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 143 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock worth $271,000 after acquiring an additional 144 shares during the period. Legacy Financial Advisors Inc. lifted its stake in shares of Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer’s stock worth $566,000 after acquiring an additional 156 shares during the period. Motley Fool Asset Management LLC lifted its stake in shares of Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock worth $209,000 after acquiring an additional 165 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after acquiring an additional 167 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWKS has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. UBS Group cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Morgan Stanley cut their price objective on 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. Finally, Bank of America cut their price objective 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. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.29.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS opened at $71.35 on Thursday. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The business’s 50 day moving average price is $63.65 and its two-hundred day moving average price is $76.11. The firm has a market cap of $10.71 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.92%. Skyworks Solutions’s dividend payout ratio is 109.80%.

Skyworks Solutions Company 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.