Peterson Wealth Services Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Peterson Wealth Services reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 95.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,104 shares of the semiconductor manufacturer's stock after selling 23,519 shares during the period. Peterson Wealth Services' holdings in Skyworks Solutions were worth $98,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Forsta AP Fonden raised its stake in Skyworks Solutions by 27.0% during the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock valued at $3,674,000 after buying an additional 7,900 shares during the last quarter. Versor Investments LP raised its stake in Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after buying an additional 10,658 shares during the last quarter. Van ECK Associates Corp raised its stake in Skyworks Solutions by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after buying an additional 325,672 shares during the last quarter. Barclays PLC raised its stake 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 buying an additional 949,407 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock valued at $3,615,000 after buying an additional 6,151 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS traded down $0.25 during midday trading on Friday, hitting $65.93. 2,967,487 shares of the company traded hands, compared to its average volume of 3,427,549. The firm has a 50 day moving average of $86.73 and a 200-day moving average of $93.42. Skyworks Solutions, Inc. has a 52 week low of $62.01 and a 52 week high of $120.86. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data 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 4.45 EPS for the current fiscal 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's dividend payout ratio is 85.89%.

Analyst Ratings Changes

A number of brokerages have weighed in on SWKS. Craig Hallum decreased their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Rosenblatt Securities reissued a "neutral" rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup boosted their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Finally, Bank of America cut their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research report on Thursday, February 6th. Three 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 stock. According to data from MarketBeat.com, the company 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.