Mackenzie Financial Corp Sells 24,602 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mackenzie Financial Corp reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,070 shares of the semiconductor manufacturer's stock after selling 24,602 shares during the quarter. Mackenzie Financial Corp's holdings in Skyworks Solutions were worth $1,691,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the 4th quarter worth $29,000. Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at $33,000. Manchester Capital Management LLC increased its stake in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after acquiring an additional 426 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Skyworks Solutions by 53.2% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SWKS shares. Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective 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. UBS Group cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.08 during midday trading on Monday, reaching $68.95. The company had a trading volume of 3,875,498 shares, compared to its average volume of 3,007,240. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The stock has a fifty day simple moving average of $63.73 and a 200 day simple moving average of $75.07. 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 issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million during 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 firm's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.06%. Skyworks Solutions's payout ratio 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.