Principal Street Partners LLC Lowers Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Principal Street Partners LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 56.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,211 shares of the semiconductor manufacturer's stock after selling 29,562 shares during the period. Principal Street Partners LLC's holdings in Skyworks Solutions were worth $2,058,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norges Bank purchased a new position in Skyworks Solutions during the 4th quarter valued at $228,646,000. Pzena Investment Management LLC boosted its stake in shares of Skyworks Solutions by 37.5% during 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 in the last quarter. Marshall Wace LLP increased its position in shares of Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after buying an additional 1,389,803 shares during the period. Vulcan Value Partners LLC raised 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 buying an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Skyworks Solutions by 96.4% in the third 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 during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Down 1.4%

Shares of SWKS stock traded down $0.97 during mid-day trading on Friday, hitting $69.39. The company's stock had a trading volume of 3,902,192 shares, compared to its average volume of 2,934,789. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.79 and a beta of 1.18. 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 52-week low of $47.93 and a 52-week high of $120.86. The business has a 50-day moving average price of $63.62 and a 200 day moving average price of $75.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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. The company had revenue of $953.20 million during 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 period last year, the company earned $1.55 EPS. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 4.04%. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SWKS shares. Barclays upped their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. UBS Group reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus price target 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.