USS Investment Management Ltd Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

USS Investment Management Ltd lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 reporting period.

Several other institutional investors have also recently made changes to their positions in SWKS. Stephens Inc. AR grew its stake in shares of Skyworks Solutions by 9.5% in the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after acquiring an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after acquiring an additional 57,146 shares during the last quarter. Barclays PLC lifted its position in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after acquiring an additional 949,407 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the fourth quarter valued at $29,000. Finally, Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at $2,509,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Trading Up 2.9%

NASDAQ:SWKS traded up $2.00 during trading hours on Tuesday, reaching $71.39. 3,402,335 shares of the company were exchanged, compared to its average volume of 2,936,663. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. The stock has a 50 day simple moving average of $63.61 and a 200 day simple moving average of $75.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The company 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%. Skyworks Solutions's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Barclays upped their target price 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. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and an average price target of $78.29.

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.