Capital Investment Counsel Inc Has $3.87 Million Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Counsel Inc trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,613 shares of the semiconductor manufacturer’s stock after selling 3,315 shares during the period. Capital Investment Counsel Inc’s holdings in Skyworks Solutions were worth $3,868,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Skyworks Solutions by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after buying an additional 176,070 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Skyworks Solutions by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after buying an additional 28,009 shares during the last quarter. FMR LLC lifted its position in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after buying an additional 182,130 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after buying an additional 775,470 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of 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 buying an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWKS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Susquehanna lowered their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three equities 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 company. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Down 0.4 %

Shares of SWKS stock opened at $67.32 on Friday. The stock’s fifty day moving average price is $84.96 and its two-hundred day moving average price is $92.20. The company has a market cap of $10.82 billion, a PE ratio of 20.65, a P/E/G ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its 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 predict that Skyworks Solutions, Inc. will post 3.7 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. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

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.