Arvest Trust Co. N A Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Arvest Trust Co. N A trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,632 shares of the semiconductor manufacturer's stock after selling 11,438 shares during the period. Arvest Trust Co. N A owned 0.07% of Skyworks Solutions worth $13,337,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer's stock valued at $1,827,170,000 after buying an additional 53,389 shares during the last quarter. State Street Corp increased its stake in shares of Skyworks Solutions by 3.7% during the first quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer's stock worth $905,804,000 after purchasing an additional 276,958 shares during the period. Victory Capital Management Inc. increased its stake in shares of Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer's stock worth $407,474,000 after purchasing an additional 136,188 shares during the period. Geode Capital Management LLC increased its stake in shares of Skyworks Solutions by 1.7% during the first quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer's stock worth $416,436,000 after purchasing an additional 60,213 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Skyworks Solutions by 15.0% during the fourth quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer's stock worth $299,442,000 after purchasing an additional 428,364 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWKS. Susquehanna increased their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, January 31st. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. Mizuho increased their target price on Skyworks Solutions from $108.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, December 18th. TD Cowen raised their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. Finally, Piper Sandler restated a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $115.10.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded up $0.74 during mid-day trading on Friday, hitting $105.48. 1,392,451 shares of the stock traded hands, compared to its average volume of 2,345,415. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a market cap of $16.90 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.99 and a beta of 1.37. The firm has a 50 day simple moving average of $104.93 and a two-hundred day simple moving average of $101.33.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $2.33 EPS. Skyworks Solutions's revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 5.64 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions's dividend payout ratio (DPR) is 48.23%.

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.