Edmp Inc. Trims Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Edmp Inc. lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 66.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 11,432 shares of the semiconductor manufacturer's stock after selling 23,066 shares during the period. Edmp Inc.'s holdings in Skyworks Solutions were worth $739,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SWKS. SBI Securities Co. Ltd. bought a new position 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 during the 4th quarter worth approximately $33,000. Mattson Financial Services LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 223 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SWKS. Barclays lifted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. UBS Group lowered their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of 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 report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.15 during mid-day trading on Friday, reaching $74.80. The company's stock had a trading volume of 3,796,458 shares, compared to its average volume of 3,037,353. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a market capitalization of $11.23 billion, a P/E ratio of 29.33, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The firm's fifty day moving average price is $69.31 and its two-hundred day moving average price is $73.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions's revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. Skyworks Solutions's dividend payout ratio (DPR) 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.