Cantor Fitzgerald Investment Advisors L.P. Sells 13,375 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in SWKS. Norges Bank acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $228,646,000. Pzena Investment Management LLC grew its position in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares during the last quarter. Marshall Wace LLP grew its position in Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after buying an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC grew its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after buying an additional 1,194,782 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after acquiring an additional 562,783 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SWKS shares. UBS Group decreased their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Trading Up 0.3%

Shares of SWKS stock traded up $0.22 on Monday, reaching $72.35. 2,642,179 shares of the stock were exchanged, compared to its average volume of 3,029,183. The stock has a market cap of $10.86 billion, a PE ratio of 28.37, a P/E/G ratio of 1.81 and a beta of 1.16. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The stock has a 50 day moving average price of $67.87 and a 200 day moving average price of $73.46.

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

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. Skyworks Solutions's dividend payout ratio is presently 109.80%.

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.