Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,966 shares of the semiconductor manufacturer's stock after selling 4,075 shares during the period. Teza Capital Management LLC's holdings in Skyworks Solutions were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SWKS. Stephens Inc. AR lifted its position in Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after buying an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 acquiring an additional 57,146 shares during the last quarter. Barclays PLC raised its holdings 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 acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Finally, Proficio Capital Partners LLC purchased 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.

Skyworks Solutions Stock Down 1.4%

SWKS traded down $0.97 on Monday, hitting $69.39. 3,902,192 shares of the company were exchanged, compared to its average volume of 2,934,789. The firm has a 50-day moving average price of $63.62 and a two-hundred day moving average price of $75.65. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. 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.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same quarter last year, the business posted $1.55 EPS. The business's quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Analysts Set New Price Targets

SWKS has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Finally, Barclays upped their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Three 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. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and a consensus target price of $78.29.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company's stock.

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.