Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd has reduced its stake in Skyworks Solutions, Inc. by 73.9%, selling 40,032 shares and now holding 14,126 shares valued at approximately $906,000.
• Skyworks Solutions' quarterly earnings report revealed an earnings per share (EPS) of $1.24, beating estimates by $0.04, although revenue decreased by 8.9% year-over-year.
• Skyworks Solutions announced a new quarterly dividend of $0.70 per share, resulting in an annual yield of 3.89% with a payout ratio of 109.80%.

Mediolanum International Funds Ltd lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 73.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,126 shares of the semiconductor manufacturer's stock after selling 40,032 shares during the quarter. Mediolanum International Funds Ltd's holdings in Skyworks Solutions were worth $906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. American Century Companies Inc. grew its holdings in Skyworks Solutions by 18.1% during the fourth quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock worth $19,098,000 after acquiring an additional 33,037 shares during the period. LPL Financial LLC grew its stake in shares of Skyworks Solutions by 1.5% during the 4th quarter. LPL Financial LLC now owns 121,483 shares of the semiconductor manufacturer's stock worth $10,773,000 after purchasing an additional 1,853 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Skyworks Solutions by 17.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 272,600 shares of the semiconductor manufacturer's stock worth $24,221,000 after purchasing an additional 40,867 shares during the period. NEOS Investment Management LLC increased its holdings in shares of Skyworks Solutions by 25.6% during the 4th quarter. NEOS Investment Management LLC now owns 6,074 shares of the semiconductor manufacturer's stock valued at $539,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of Skyworks Solutions by 14.4% in the 4th quarter. Blair William & Co. IL now owns 4,405 shares of the semiconductor manufacturer's stock valued at $391,000 after purchasing an additional 555 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.7%

Shares of NASDAQ SWKS traded down $1.14 during trading on Friday, hitting $67.41. 972,641 shares of the company were exchanged, compared to its average volume of 3,500,531. The company has a fifty day moving average price of $72.87 and a 200-day moving average price of $70.64. 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 firm has a market capitalization of $10.12 billion, a PE ratio of 26.44, a P/E/G ratio of 1.79 and a beta of 1.17. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $110.76.

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 (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same period last year, the business earned $1.55 earnings per share. Skyworks Solutions's revenue was down 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 4.2%. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

Analyst Ratings Changes

Several analysts recently commented on SWKS shares. Susquehanna raised their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Mizuho upped their price target on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. 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 objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.07.

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.