California State Teachers Retirement System Lowers Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

California State Teachers Retirement System lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 276,867 shares of the semiconductor manufacturer's stock after selling 9,262 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Skyworks Solutions worth $24,553,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $33,000. Mattson Financial Services LLC bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $37,000. Finally, Manchester Capital Management LLC increased its position in Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after buying an additional 426 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on SWKS shares. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. UBS Group reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Piper Sandler reduced their target price on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Trading Down 1.3%

Shares of NASDAQ:SWKS traded down $0.92 during trading hours on Friday, hitting $68.58. 15,911,526 shares of the company's stock traded hands, compared to its average volume of 3,003,822. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The business has a fifty day moving average price of $63.73 and a 200-day moving average price of $75.13. The firm has a market capitalization of $10.30 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

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

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 4.08%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.