New York State Common Retirement Fund Decreases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

New York State Common Retirement Fund trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,571 shares of the semiconductor manufacturer's stock after selling 39,239 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Skyworks Solutions worth $5,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWKS. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after acquiring an additional 562,783 shares during the last quarter. Vulcan Value Partners LLC lifted its stake in shares of Skyworks Solutions by 29.2% in the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after purchasing an additional 1,194,782 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock worth $372,727,000 after purchasing an additional 63,216 shares in the last quarter. FIL Ltd increased its position in Skyworks Solutions by 0.3% during the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock worth $310,642,000 after buying an additional 10,664 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Skyworks Solutions by 17.1% during the fourth quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer's stock valued at $280,379,000 after buying an additional 462,264 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 0.1%

NASDAQ:SWKS traded down $0.04 on Monday, hitting $72.72. The stock had a trading volume of 1,877,061 shares, compared to its average volume of 3,002,032. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07. The firm's fifty day simple moving average is $72.97 and its two-hundred day simple moving average is $71.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The stock has a market cap of $10.92 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share 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 return on equity of 11.53% and a net margin of 10.43%. The firm's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS. Analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is presently 109.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has an average rating of "Hold" and a consensus price target of $79.65.

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.