USS Investment Management Ltd Has $3.18 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

USS Investment Management Ltd lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,866 shares of the semiconductor manufacturer's stock after selling 15,421 shares during the quarter. USS Investment Management Ltd's holdings in Skyworks Solutions were worth $3,181,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $33,000. Manchester Capital Management LLC boosted its position in shares of Skyworks Solutions by 325.2% in the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 426 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SWKS. The Goldman Sachs Group reduced their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Morgan Stanley cut their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Piper Sandler cut their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. cut 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. Finally, Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Trading Down 0.4%

Shares of NASDAQ:SWKS traded down $0.27 during trading on Thursday, reaching $69.50. The stock had a trading volume of 723,771 shares, compared to its average volume of 2,934,668. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week 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 business has a fifty day moving average price of $63.72 and a 200-day moving average price of $75.44. The stock has a market cap of $10.43 billion, a P/E ratio of 21.28, a PEG ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Announces Dividend

The firm also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is 109.80%.

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.