Barrow Hanley Mewhinney & Strauss LLC Has $6.18 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,715 shares of the semiconductor manufacturer's stock after selling 3,646 shares during the period. Barrow Hanley Mewhinney & Strauss LLC's holdings in Skyworks Solutions were worth $6,182,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Skyworks Solutions by 14.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,669 shares of the semiconductor manufacturer's stock valued at $3,695,000 after buying an additional 5,294 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in Skyworks Solutions by 25.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 10,128 shares of the semiconductor manufacturer's stock worth $898,000 after buying an additional 2,062 shares during the period. CX Institutional boosted its position in Skyworks Solutions by 16.4% during the 4th quarter. CX Institutional now owns 3,709 shares of the semiconductor manufacturer's stock worth $329,000 after buying an additional 522 shares during the period. Finally, Blue Trust Inc. grew its holdings in Skyworks Solutions by 53.9% during the 4th quarter. Blue Trust Inc. now owns 2,031 shares of the semiconductor manufacturer's stock worth $180,000 after acquiring an additional 711 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Trading Down 2.3%

Shares of SWKS stock traded down $1.62 during trading hours on Wednesday, hitting $69.77. 4,192,901 shares of the company were exchanged, compared to its average volume of 2,941,669. 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, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The company has a 50 day simple moving average of $63.67 and a two-hundred day simple moving average of $75.48. The firm has a market cap of $10.47 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same period last year, the company posted $1.55 earnings per share. The business's quarterly revenue was down 8.9% on a year-over-year basis. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Bank of America reduced their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus raised their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Barclays lifted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $78.29.

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.