Mutual of America Capital Management LLC Has $2.40 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mutual of America Capital Management LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,332 shares of the semiconductor manufacturer’s stock after selling 977 shares during the period. Mutual of America Capital Management LLC’s holdings in Skyworks Solutions were worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its position in Skyworks Solutions by 34.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 21,421 shares of the semiconductor manufacturer’s stock valued at $2,408,000 after purchasing an additional 5,544 shares during the period. Advisors Management Group Inc. ADV acquired a new position in Skyworks Solutions during the 4th quarter valued at about $219,000. Safeguard Investment Advisory Group LLC lifted its position in Skyworks Solutions by 0.6% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after purchasing an additional 99 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Skyworks Solutions by 52.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 436 shares of the semiconductor manufacturer’s stock valued at $49,000 after acquiring an additional 150 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $343,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. B. Riley upped their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, TD Cowen upped their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Trading Down 1.5 %

NASDAQ:SWKS opened at $96.11 on Friday. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $104.45 and a two-hundred day moving average price of $101.65. The company has a market cap of $15.40 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $2.33 EPS. The business’s revenue was down 9.6% on a year-over-year basis. As a group, analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 48.23%.

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.