New York State Teachers Retirement System Sells 28,551 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

New York State Teachers Retirement System lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,998 shares of the semiconductor manufacturer's stock after selling 28,551 shares during the period. New York State Teachers Retirement System owned about 0.08% of Skyworks Solutions worth $11,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. Creative Planning raised its holdings in Skyworks Solutions by 2.4% during the 3rd quarter. Creative Planning now owns 148,142 shares of the semiconductor manufacturer's stock valued at $14,632,000 after buying an additional 3,540 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Skyworks Solutions by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,636 shares of the semiconductor manufacturer's stock worth $1,643,000 after purchasing an additional 186 shares during the period. V Square Quantitative Management LLC increased its holdings in Skyworks Solutions by 10.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,948 shares of the semiconductor manufacturer's stock valued at $291,000 after purchasing an additional 276 shares during the period. Claro Advisors LLC lifted its holdings in Skyworks Solutions by 4.7% in the 3rd quarter. Claro Advisors LLC now owns 3,105 shares of the semiconductor manufacturer's stock worth $307,000 after buying an additional 138 shares during the period. Finally, Net Worth Advisory Group purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $247,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $0.11 during midday trading on Friday, reaching $67.21. 3,160,379 shares of the company traded hands, compared to its average volume of 3,375,596. 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 12 month low of $62.01 and a 12 month high of $120.86. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The business has a 50 day moving average of $84.49 and a two-hundred day moving average of $91.97.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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%. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Analysts Set New Price Targets

SWKS has been the subject of several research reports. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Piper Sandler decreased their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" 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 note on Thursday, February 6th. Mizuho downgraded shares of 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 note on Thursday, February 6th. Finally, Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $83.78.

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.