NorthCrest Asset Manangement LLC Has $4.74 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

NorthCrest Asset Manangement LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,354 shares of the semiconductor manufacturer's stock after selling 6,777 shares during the period. NorthCrest Asset Manangement LLC's holdings in Skyworks Solutions were worth $4,741,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays boosted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. UBS Group lowered their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Down 1.1%

NASDAQ:SWKS traded down $0.76 during mid-day trading on Friday, reaching $71.25. The stock had a trading volume of 3,365,824 shares, compared to its average volume of 3,023,765. The stock has a market cap of $10.70 billion, a P/E ratio of 21.86, a PEG ratio of 1.79 and a beta of 1.16. The business's 50 day moving average is $66.01 and its 200 day moving average is $74.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its 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. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same quarter in the prior year, the business earned $1.55 earnings per share. The company's revenue was down 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's payout ratio is 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.