Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,960 shares of the semiconductor manufacturer’s stock after selling 809 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Skyworks Solutions were worth $3,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after buying an additional 1,536,289 shares during the period. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the last quarter. Wellington Management Group LLP increased 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 acquiring an additional 775,470 shares during the period. KBC Group NV raised its stake in shares of Skyworks Solutions by 114.0% during the fourth quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock valued at $110,697,000 after acquiring an additional 664,874 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Skyworks Solutions by 40.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,715,181 shares of the semiconductor manufacturer’s stock worth $152,102,000 after purchasing an additional 495,774 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $69.02 on Tuesday. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86. The firm has a market cap of $11.09 billion, a P/E ratio of 21.17, a PEG ratio of 1.79 and a beta of 1.18. The company has a 50 day moving average of $75.26 and a 200 day moving average of $86.28. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.06%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insider Activity

In related news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on SWKS shares. Barclays lowered their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.78.

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.