Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,175 shares of the semiconductor manufacturer's stock after selling 9,749 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.08% of Skyworks Solutions worth $8,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $2,509,000. Oppenheimer & Co. Inc. boosted its position in Skyworks Solutions by 66.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock valued at $351,000 after buying an additional 1,578 shares during the last quarter. American Century Companies Inc. lifted 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $7,947,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SWKS. Barclays boosted their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Stifel Nicolaus upped their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price 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 reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Finally, UBS Group reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Trading Up 0.2%

NASDAQ:SWKS traded up $0.15 during trading hours on Friday, hitting $74.80. The company had a trading volume of 3,796,458 shares, compared to its average volume of 3,037,353. 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 moving average of $69.31 and a 200 day moving average of $73.16. The company has a market cap of $11.23 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16. 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 released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during 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 company's revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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