Tocqueville Asset Management L.P. Has $535,000 Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Tocqueville Asset Management L.P. lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,031 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Tocqueville Asset Management L.P.’s holdings in Skyworks Solutions were worth $535,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after buying an additional 57,146 shares in the last quarter. Barclays PLC increased its position in shares of Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. Captrust Financial Advisors increased its holdings in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in Skyworks Solutions during the 3rd quarter worth about $1,570,000. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SWKS shares. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Barclays lowered their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup increased their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Finally, Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.78.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Trading Down 1.2 %

SWKS opened at $70.05 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a market capitalization of $11.26 billion, a PE ratio of 21.49, a P/E/G ratio of 1.79 and a beta of 1.18. The company’s 50-day moving average is $76.63 and its 200 day moving average is $87.15.

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 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%. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.00%. Skyworks Solutions’s payout ratio is currently 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.