Edmp Inc. Sells 23,066 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Edmp Inc. lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,432 shares of the semiconductor manufacturer's stock after selling 23,066 shares during the quarter. Edmp Inc.'s holdings in Skyworks Solutions were worth $739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. grew its stake in Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after buying an additional 167 shares during the last quarter. TCW Group Inc. acquired a new position in Skyworks Solutions during the 4th quarter worth $1,376,000. IFP Advisors Inc boosted its holdings in Skyworks Solutions by 18.1% during the fourth quarter. IFP Advisors Inc now owns 4,818 shares of the semiconductor manufacturer's stock valued at $427,000 after acquiring an additional 737 shares during the period. Bank of New York Mellon Corp grew its position in shares of Skyworks Solutions by 40.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,715,181 shares of the semiconductor manufacturer's stock valued at $152,102,000 after purchasing an additional 495,774 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of Skyworks Solutions by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 136,924 shares of the semiconductor manufacturer's stock valued at $12,142,000 after purchasing an additional 3,049 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SWKS. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. UBS Group dropped their price target 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. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays raised their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Price Performance

SWKS traded up $0.85 during midday trading on Wednesday, reaching $74.27. 2,676,430 shares of the company's stock were exchanged, compared to its average volume of 3,029,057. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $68.19 and a two-hundred day simple moving average of $73.46. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth 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.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The business 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%. Skyworks Solutions's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's payout ratio is 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.