Meeder Asset Management Inc. Sells 38,777 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Meeder Asset Management Inc. cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 35.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,456 shares of the semiconductor manufacturer's stock after selling 38,777 shares during the quarter. Meeder Asset Management Inc.'s holdings in Skyworks Solutions were worth $7,808,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Skyworks Solutions by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,256 shares of the semiconductor manufacturer's stock valued at $4,863,000 after acquiring an additional 525 shares during the period. Edmp Inc. raised its position in shares of Skyworks Solutions by 1.6% during the fourth quarter. Edmp Inc. now owns 36,714 shares of the semiconductor manufacturer's stock valued at $4,127,000 after buying an additional 567 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $124,000. Capital Insight Partners LLC grew its position in Skyworks Solutions by 6.6% during the fourth quarter. Capital Insight Partners LLC now owns 26,002 shares of the semiconductor manufacturer's stock worth $2,923,000 after buying an additional 1,608 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer's stock valued at $9,500,000 after acquiring an additional 83,706 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 0.7 %

NASDAQ:SWKS traded up $0.74 on Friday, hitting $105.48. The stock had a trading volume of 1,392,451 shares, compared to its average volume of 2,630,776. The company has a market cap of $16.90 billion, a PE ratio of 18.70, a P/E/G ratio of 1.96 and a beta of 1.37. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The business's fifty day moving average is $104.95 and its 200 day moving average is $101.44. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent analyst reports. TD Cowen increased 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. Mizuho raised their price objective on Skyworks Solutions from $108.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, December 18th. B. Riley upped their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. StockNews.com lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Friday, March 29th. Finally, Susquehanna upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of "Hold" and an average target price of $115.10.

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.