Kentucky Retirement Systems Sells 151 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kentucky Retirement Systems reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,976 shares of the semiconductor manufacturer’s stock after selling 151 shares during the period. Kentucky Retirement Systems’ holdings in Skyworks Solutions were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Abich Financial Wealth Management LLC raised its holdings in shares of Skyworks Solutions by 9.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock worth $131,000 after acquiring an additional 112 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after acquiring an additional 121 shares in the last quarter. Arvest Investments Inc. raised its holdings in shares of Skyworks Solutions by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after acquiring an additional 133 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in shares of Skyworks Solutions by 3.4% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after acquiring an additional 143 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

SWKS opened at $66.53 on Tuesday. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $84.00 and its 200-day simple moving average is $91.63. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted 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%. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SWKS shares. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley decreased their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group decreased their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.