Aviance Capital Partners LLC Sells 23,388 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aviance Capital Partners LLC lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 78.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,532 shares of the semiconductor manufacturer's stock after selling 23,388 shares during the period. Aviance Capital Partners LLC's holdings in Skyworks Solutions were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SWKS. Oppenheimer & Co. Inc. boosted its holdings in shares of Skyworks Solutions by 66.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock valued at $351,000 after buying an additional 1,578 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Skyworks Solutions by 43.6% in the 4th quarter. Jones Financial Companies Lllp now owns 10,351 shares of the semiconductor manufacturer's stock worth $918,000 after purchasing an additional 3,144 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions in the 4th quarter worth about $29,000. State of Michigan Retirement System boosted its stake in Skyworks Solutions by 0.9% in the 4th quarter. State of Michigan Retirement System now owns 56,283 shares of the semiconductor manufacturer's stock worth $4,991,000 after purchasing an additional 500 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Skyworks Solutions by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 304,486 shares of the semiconductor manufacturer's stock worth $27,002,000 after purchasing an additional 2,701 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Mizuho upped their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday. Barclays upped their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $79.06.

Skyworks Solutions Stock Down 2.2%

NASDAQ SWKS opened at $76.49 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The company has a market capitalization of $11.48 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.97 and a beta of 1.17. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The stock has a 50 day moving average price of $71.04 and a 200-day moving average price of $72.80.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. Skyworks Solutions's dividend payout ratio is presently 109.80%.

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.

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