State of New Jersey Common Pension Fund D Decreases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

State of New Jersey Common Pension Fund D lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,334 shares of the semiconductor manufacturer’s stock after selling 1,541 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Skyworks Solutions were worth $4,641,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Forsta AP Fonden boosted its holdings in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after purchasing an additional 7,900 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Skyworks Solutions by 9.5% during 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 during the period. Versor Investments LP boosted its stake in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after buying an additional 10,658 shares during the last quarter. Van ECK Associates Corp increased its position in Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after acquiring an additional 325,672 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after acquiring an additional 949,407 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 0.9 %

Shares of SWKS stock opened at $67.62 on Thursday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.14. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The stock’s 50-day moving average price is $85.41 and its 200-day moving average price is $92.37.

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

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.14%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SWKS shares. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Craig Hallum reduced their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Bank of America decreased their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Susquehanna cut their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $83.78.

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.