Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Decreased by Empowered Funds LLC

Empowered Funds LLC trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,609 shares of the semiconductor manufacturer’s stock after selling 561 shares during the quarter. Empowered Funds LLC’s holdings in Skyworks Solutions were worth $4,665,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the third quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $28,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the period. Valley Wealth Managers Inc. bought a new position in Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new position in Skyworks Solutions during the 3rd quarter valued at about $41,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SWKS. Craig Hallum reduced their price target 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. Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Bank of America lowered their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. 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 company’s stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Up 0.9 %

NASDAQ SWKS opened at $65.23 on Wednesday. The firm’s 50 day moving average price is $88.01 and its two-hundred day moving average price is $94.17. 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, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.