Wilmington Savings Fund Society FSB Sells 3,896 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wilmington Savings Fund Society FSB cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,888 shares of the semiconductor manufacturer's stock after selling 3,896 shares during the period. Wilmington Savings Fund Society FSB's holdings in Skyworks Solutions were worth $5,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Skyworks Solutions by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer's stock worth $477,173,000 after buying an additional 176,070 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Skyworks Solutions by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer's stock worth $408,410,000 after buying an additional 28,009 shares in the last quarter. FMR LLC raised its holdings in shares of Skyworks Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer's stock worth $265,853,000 after buying an additional 182,130 shares in the last quarter. Wellington Management Group LLP increased its holdings in Skyworks Solutions by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer's stock worth $223,994,000 after purchasing an additional 775,470 shares in the last quarter. Finally, Barclays PLC raised its position in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after purchasing an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 1.5 %

NASDAQ:SWKS traded up $0.96 on Wednesday, hitting $66.19. The stock had a trading volume of 2,814,816 shares, compared to its average volume of 3,463,264. The business's fifty day moving average is $87.57 and its 200 day moving average is $93.97. The company has a market cap of $10.64 billion, a PE ratio of 20.30, a P/E/G ratio of 1.45 and a beta of 1.14. 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 52 week low of $62.01 and a 52 week high of $120.86.

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 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, equities research analysts expect that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.23%. Skyworks Solutions's dividend payout ratio is presently 85.89%.

Analysts Set New Price Targets

Several research firms have commented on SWKS. Mizuho downgraded Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Loop Capital began coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a "hold" rating and a $90.00 target price for the company. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their target price for the company from $110.00 to $65.00 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. Finally, JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Company 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.