Skyworks Solutions, Inc. (NASDAQ:SWKS) Holdings Cut by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,046 shares of the semiconductor manufacturer's stock after selling 31,093 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Skyworks Solutions worth $33,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of 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. Vulcan Value Partners LLC boosted its holdings in 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 buying an additional 1,194,782 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after buying an additional 267,343 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock worth $372,727,000 after buying an additional 63,216 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 2.9%

Shares of NASDAQ:SWKS traded up $2.00 during mid-day trading on Tuesday, hitting $71.39. The stock had a trading volume of 3,402,335 shares, compared to its average volume of 2,936,664. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a market cap of $10.72 billion, a PE ratio of 21.90, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company's 50 day moving average is $63.67 and its 200-day moving average is $75.48.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 net margin of 13.02% and a return on equity of 12.60%. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the prior year, the firm earned $1.55 EPS. The company's revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business 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 $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. Skyworks Solutions's payout ratio is 109.80%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SWKS shares. Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a report on Thursday, February 6th. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Company 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.