Paradigm Capital Management Inc. NY Sells 25,000 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Paradigm Capital Management Inc. NY cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 67.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,300 shares of the semiconductor manufacturer's stock after selling 25,000 shares during the quarter. Paradigm Capital Management Inc. NY's holdings in Skyworks Solutions were worth $1,091,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions during the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management bought a new stake in Skyworks Solutions in the 4th quarter valued at $33,000. Manchester Capital Management LLC grew its holdings in Skyworks Solutions by 325.2% in the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after buying an additional 426 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in Skyworks Solutions during the 4th quarter worth $56,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $72.92 on Tuesday. The company's 50 day moving average price is $63.49 and its two-hundred day moving average price is $76.16. The firm has a market capitalization of $10.95 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. 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 (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The company 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%. Skyworks Solutions's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. UBS Group cut their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Rosenblatt Securities restated a "neutral" rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $78.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.