Treasurer of the State of North Carolina Has $6.26 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Treasurer of the State of North Carolina trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,626 shares of the semiconductor manufacturer's stock after selling 7,312 shares during the quarter. Treasurer of the State of North Carolina's holdings in Skyworks Solutions were worth $6,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at $33,000. Manchester Capital Management LLC boosted its stake in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after buying an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at $56,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Piper Sandler cut their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reissued a "neutral" rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and lowered 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, eighteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.12 during mid-day trading on Friday, hitting $55.98. 2,344,856 shares of the company's stock traded hands, compared to its average volume of 2,823,949. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.21. The firm has a 50 day simple moving average of $63.97 and a two-hundred day simple moving average of $80.76. 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 (NASDAQ:SWKS - Get Free Report) last announced its 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 return on equity of 12.60% and a net margin of 13.02%. On average, research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 5.00%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Insider Activity

In related news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

About Skyworks Solutions

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.