Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,325 shares of the semiconductor manufacturer's stock after selling 3,673 shares during the period. New York State Teachers Retirement System owned about 0.08% of Skyworks Solutions worth $7,970,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SWKS. Vanguard Group Inc. lifted its stake in shares of Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares during the period. 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 period. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after purchasing an additional 63,216 shares during the period. Finally, FIL Ltd lifted its stake in shares of Skyworks Solutions by 0.3% in the 4th quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock valued at $310,642,000 after purchasing an additional 10,664 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SWKS. Mizuho increased their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. decreased their price objective 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. 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 report on Thursday, May 8th. Barclays increased their price objective 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. Finally, UBS Group decreased their price objective 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 assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $79.06.

Skyworks Solutions Stock Down 3.3%

Shares of SWKS traded down $2.57 during mid-day trading on Monday, reaching $76.19. 2,427,384 shares of the stock traded hands, compared to its average volume of 3,035,515. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.97 and a beta of 1.17. The stock has a fifty day simple moving average of $71.33 and a 200 day simple moving average of $72.50. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) 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 analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The business's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's dividend 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.