Naples Global Advisors LLC Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Naples Global Advisors LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 65.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,270 shares of the semiconductor manufacturer's stock after selling 13,889 shares during the quarter. Naples Global Advisors LLC's holdings in Skyworks Solutions were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $228,646,000. Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after purchasing an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC lifted its position in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, UBS Group reduced their target price 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. Three investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Up 1.1%

Shares of SWKS stock opened at $71.59 on Friday. The stock's 50 day simple moving average is $64.26 and its 200 day simple moving average is $74.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.79 and a beta of 1.16.

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 for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.91%. 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.

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