Capital Investment Advisors LLC Lowers Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisors LLC cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 61.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,176 shares of the semiconductor manufacturer's stock after selling 38,071 shares during the quarter. Capital Investment Advisors LLC's holdings in Skyworks Solutions were worth $1,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Savant Capital LLC raised its position in Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after purchasing an additional 144 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in Skyworks Solutions by 2.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after acquiring an additional 156 shares during the period. Motley Fool Asset Management LLC raised its holdings in 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 valued at $209,000 after acquiring an additional 165 shares during the period. Principal Securities Inc. increased its holdings in shares of Skyworks Solutions by 7.5% during the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares during the period. Finally, PAX Financial Group LLC increased its holdings in shares of Skyworks Solutions by 0.8% during the fourth 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 period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded down $2.13 during trading on Wednesday, reaching $72.82. The company had a trading volume of 3,493,784 shares, compared to its average volume of 3,049,088. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The firm has a market capitalization of $10.93 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm's 50-day simple moving average is $64.79 and its 200 day simple moving average is $74.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm's quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed 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. This represents a $2.80 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is currently 109.80%.

Analyst Ratings Changes

SWKS has been the subject of several research analyst reports. Barclays lifted their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Three 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $78.29.

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.