Leavell Investment Management Inc. Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Leavell Investment Management Inc. cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 79.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,935 shares of the semiconductor manufacturer's stock after selling 15,050 shares during the period. Leavell Investment Management Inc.'s holdings in Skyworks Solutions were worth $349,000 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 Skyworks Solutions during the third quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $28,000. Investors Research Corp grew its holdings in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 213 shares during the period. Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions in the third quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions in the third quarter valued at approximately $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on SWKS shares. Craig Hallum dropped their price objective on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley reduced their price objective on 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. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Stock Up 2.2 %

SWKS traded up $1.46 on Tuesday, hitting $67.39. 892,445 shares of the company were exchanged, compared to its average volume of 3,342,804. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $86.26 and a two-hundred day moving average price of $92.81.

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%. On average, equities analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is 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.