FORA Capital LLC Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

FORA Capital LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,067 shares of the semiconductor manufacturer's stock after selling 8,226 shares during the quarter. FORA Capital LLC's holdings in Skyworks Solutions were worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SWKS. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after buying an additional 562,783 shares in the last quarter. Pzena Investment Management LLC increased its stake in Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Vulcan Value Partners LLC increased its stake in Skyworks Solutions by 29.2% in the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after buying an additional 1,194,782 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after buying an additional 267,343 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Skyworks Solutions by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock worth $372,727,000 after buying an additional 63,216 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Up 7.1%

Shares of Skyworks Solutions stock traded up $4.83 on Monday, hitting $73.04. 6,360,682 shares of the company traded hands, compared to its average volume of 2,893,428. The stock's 50 day moving average price is $63.18 and its 200-day moving average price is $76.84. 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 52 week low of $47.93 and a 52 week high of $120.86. The company has a market cap of $10.97 billion, a PE ratio of 22.40, a PEG ratio of 1.79 and a beta of 1.18.

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, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company's revenue was down 8.9% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SWKS. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. The Goldman Sachs Group cut their price objective 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. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.