Bessemer Group Inc. Has $768,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bessemer Group Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 73.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,871 shares of the semiconductor manufacturer's stock after selling 32,081 shares during the period. Bessemer Group Inc.'s holdings in Skyworks Solutions were worth $768,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legacy Financial Advisors Inc. grew its holdings in Skyworks Solutions by 2.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock worth $566,000 after acquiring an additional 156 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of Skyworks Solutions by 7.5% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after purchasing an additional 165 shares during the last quarter. PAX Financial Group LLC grew its stake in shares of Skyworks Solutions by 0.8% in the 4th quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after purchasing an additional 168 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Skyworks Solutions by 3.7% in the 4th quarter. Metis Global Partners LLC now owns 5,339 shares of the semiconductor manufacturer's stock worth $473,000 after purchasing an additional 192 shares in the last quarter. Finally, Albert D Mason Inc. lifted its stake in Skyworks Solutions by 1.8% during the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

SWKS traded up $2.64 during midday trading on Tuesday, reaching $77.16. The company's stock had a trading volume of 3,271,778 shares, compared to its average volume of 3,033,565. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $69.67 and a 200 day simple moving average of $72.93. The stock has a market cap of $11.58 billion, a P/E ratio of 30.26, a PEG ratio of 1.87 and a beta of 1.16. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's payout ratio is presently 109.80%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lifted their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday. Stifel Nicolaus increased their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $79.06.

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.