Paradigm Capital Management Inc. NY Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Paradigm Capital Management Inc. NY cut its holdings in shares of 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 fund owned 12,300 shares of the semiconductor manufacturer's stock after selling 25,000 shares during the period. Paradigm Capital Management Inc. NY's holdings in Skyworks Solutions were worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stephens Inc. AR lifted its stake in Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after purchasing an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after buying an additional 57,146 shares during the period. Barclays PLC grew its position in shares of Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after buying an additional 949,407 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at $29,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $2,509,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company's stock.

Skyworks Solutions Stock Performance

SWKS stock traded down $0.97 during trading on Friday, reaching $69.39. The company had a trading volume of 3,902,192 shares, compared to its average volume of 2,934,789. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The firm has a 50-day simple moving average of $63.62 and a 200-day simple moving average of $75.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the previous year, the firm posted $1.55 earnings per share. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, sell-side analysts expect 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 will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

Analyst Ratings Changes

Several research analysts have issued reports on SWKS shares. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler reduced their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Three investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.29.

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.