Van ECK Associates Corp Lowers Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Van ECK Associates Corp trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,563,088 shares of the semiconductor manufacturer's stock after selling 47,557 shares during the quarter. Van ECK Associates Corp owned about 0.98% of Skyworks Solutions worth $138,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions during the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at about $28,000. Investors Research Corp boosted its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at about $41,000. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SWKS shares. B. Riley downgraded shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Craig Hallum dropped their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Piper Sandler dropped their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $0.25 during trading hours on Monday, hitting $65.93. 2,967,487 shares of the stock traded hands, compared to its average volume of 3,417,915. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The stock has a 50 day moving average price of $86.26 and a 200 day moving average price of $92.81.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 85.89%.

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.