Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Essex LLC

Essex LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,781 shares of the semiconductor manufacturer's stock after selling 5,870 shares during the period. Essex LLC's holdings in Skyworks Solutions were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWKS. Charles Schwab Investment Management Inc. grew its holdings in Skyworks Solutions by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer's stock valued at $477,173,000 after purchasing an additional 176,070 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Skyworks Solutions by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer's stock valued at $408,410,000 after buying an additional 28,009 shares during the last quarter. FMR LLC raised its holdings in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock worth $265,853,000 after buying an additional 182,130 shares during the period. Wellington Management Group LLP lifted its stake in shares of Skyworks Solutions by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock worth $223,994,000 after acquiring an additional 775,470 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Skyworks Solutions by 96.4% during the 3rd 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered their price target on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Morgan Stanley reduced their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a "hold" rating and a $90.00 target price on the stock. 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 MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $0.96 during trading hours on Wednesday, reaching $66.19. The company had a trading volume of 2,814,816 shares, compared to its average volume of 3,463,264. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86. The business's 50 day moving average price is $87.57 and its 200-day moving average price is $93.97. The firm has a market cap of $10.64 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results 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%. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Skyworks Solutions's payout ratio is 85.89%.

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.