Capital Investment Advisors LLC Sells 38,071 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Advisors LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 61.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC bought a new position in Skyworks Solutions during the 4th quarter worth approximately $1,708,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Skyworks Solutions by 5.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 465,240 shares of the semiconductor manufacturer's stock worth $41,257,000 after purchasing an additional 24,681 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Skyworks Solutions by 4.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,307 shares of the semiconductor manufacturer's stock worth $1,535,000 after purchasing an additional 671 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the 4th quarter worth approximately $28,000. Finally, Vest Financial LLC raised its holdings in Skyworks Solutions by 28.0% during the 4th quarter. Vest Financial LLC now owns 3,185 shares of the semiconductor manufacturer's stock worth $282,000 after purchasing an additional 696 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 1.1%

SWKS traded down $0.76 during mid-day trading on Friday, reaching $71.25. 3,365,824 shares of the stock were exchanged, compared to its average volume of 3,023,764. 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 stock has a market capitalization of $10.70 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The company has a 50 day moving average price of $66.01 and a two-hundred day moving average price of $74.30. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86.

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, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 EPS. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is 109.80%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays raised their price target 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. Stifel Nicolaus lifted their price objective 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. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. UBS Group lowered their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lowered 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 issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $78.29.

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.