Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,594 shares of the semiconductor manufacturer's stock after selling 3,579 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Skyworks Solutions were worth $362,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SWKS. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions during the 4th quarter valued at approximately $29,000. Proficio Capital Partners LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $2,509,000. Oppenheimer & Co. Inc. increased its stake in shares of Skyworks Solutions by 66.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock worth $351,000 after buying an additional 1,578 shares during the last quarter. American Century Companies Inc. raised its holdings in Skyworks Solutions by 18.1% in the fourth quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock valued at $19,098,000 after acquiring an additional 33,037 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Skyworks Solutions in the fourth quarter valued at $7,947,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

SWKS has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective 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. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Barclays increased their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, UBS Group lowered their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $0.33 during mid-day trading on Monday, hitting $74.48. The stock had a trading volume of 71,805 shares, compared to its average volume of 3,025,653. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $69.31 and a 200-day simple moving average of $73.05. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 1.87 and a beta of 1.16. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.70 per share. 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 3.76%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

Skyworks Solutions 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.