Cantor Fitzgerald Investment Advisors L.P. Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cantor Fitzgerald Investment Advisors L.P. decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,695 shares of the semiconductor manufacturer's stock after selling 13,375 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Skyworks Solutions were worth $756,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the 4th quarter worth $29,000. Proficio Capital Partners LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at approximately $2,509,000. Oppenheimer & Co. Inc. grew its position in shares of Skyworks Solutions by 66.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock worth $351,000 after buying an additional 1,578 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Skyworks Solutions by 18.1% in the fourth quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock worth $19,098,000 after buying an additional 33,037 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Skyworks Solutions in the fourth quarter valued at $7,947,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Barclays lifted their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $71.62 on Friday. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. 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 simple moving average of $67.27 and a 200 day simple moving average of $73.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results 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. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the prior year, the company posted $1.55 EPS. The firm's revenue was down 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is currently 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.

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