Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Lowered by California State Teachers Retirement System

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

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. UBS Group lowered their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Trading Up 1.9%

SWKS stock traded up $1.31 during midday trading on Tuesday, hitting $70.26. The company had a trading volume of 1,156,718 shares, compared to its average volume of 3,000,161. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.79 and a beta of 1.18. The stock's 50 day moving average price is $63.76 and its 200 day moving average price is $74.97. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

About Skyworks Solutions

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.