Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 166,311 shares of the semiconductor manufacturer's stock after selling 9,906 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Skyworks Solutions worth $18,697,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Tyler Stone Wealth Management acquired a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $29,000. True Wealth Design LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $26,000. Fortis Capital Advisors LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $27,000. Global Wealth Management Investment Advisory Inc. grew its position in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at approximately $34,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

SWKS traded up $2.76 during trading on Tuesday, reaching $106.90. 1,418,407 shares of the company were exchanged, compared to its average volume of 2,336,200. The company's 50-day moving average is $104.96 and its two-hundred day moving average is $101.57. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.96 and a beta of 1.37. 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 quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 5.64 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Friday, February 16th. Skyworks Solutions's payout ratio is presently 48.23%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday. Piper Sandler reissued a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, Mizuho upped their target price on shares of Skyworks Solutions from $108.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of "Hold" and an average price target of $115.10.

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.