Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,810 shares of the semiconductor manufacturer’s stock after selling 5,000 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Skyworks Solutions worth $11,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at approximately $28,000. Investors Research Corp increased its position in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares during the period. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions during the 3rd quarter valued at $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions during the 3rd quarter worth $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWKS. Citigroup lifted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price 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, twenty have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Price Performance

SWKS stock opened at $66.53 on Tuesday. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The firm has a 50-day moving average of $84.00 and a two-hundred day moving average of $91.63. The firm has a market capitalization of $10.69 billion, a PE ratio of 20.41, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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%. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Skyworks Solutions 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.