Bryn Mawr Capital Management LLC Sells 3,806 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Bryn Mawr Capital Management LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 52.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,414 shares of the semiconductor manufacturer's stock after selling 3,806 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Skyworks Solutions were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SWKS. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB lifted its stake in Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 223 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $56,000. Finally, Quadrant Capital Group LLC grew its position in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after buying an additional 218 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Barclays upped their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned 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 target price of $79.06.

Skyworks Solutions Stock Up 0.8%

SWKS traded up $0.56 during mid-day trading on Friday, reaching $72.76. 1,787,939 shares of the stock were exchanged, compared to its average volume of 3,003,629. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The stock has a market capitalization of $10.92 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a 50 day moving average price of $72.88 and a two-hundred day moving average price of $71.92.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.