Two Sigma Advisers LP Sells 85,731 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Two Sigma Advisers LP lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,969 shares of the semiconductor manufacturer's stock after selling 85,731 shares during the quarter. Two Sigma Advisers LP owned about 0.13% of Skyworks Solutions worth $17,822,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its stake in shares of Skyworks Solutions by 5.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after acquiring an additional 143 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Skyworks Solutions by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after acquiring an additional 144 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Skyworks Solutions by 2.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock worth $566,000 after acquiring an additional 156 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Skyworks Solutions by 7.5% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after acquiring an additional 165 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on SWKS shares. Barclays increased their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Rosenblatt Securities restated a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday, February 6th. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $2.51 during mid-day trading on Tuesday, reaching $71.20. The stock had a trading volume of 574,096 shares, compared to its average volume of 2,925,608. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $63.61 and its 200 day simple moving average is $75.51. The firm has a market cap of $10.69 billion, a PE ratio of 21.84, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $1.55 EPS. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

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.