California Public Employees Retirement System Has $34.74 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

California Public Employees Retirement System decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 309,028 shares of the semiconductor manufacturer's stock after selling 12,124 shares during the quarter. California Public Employees Retirement System owned 0.19% of Skyworks Solutions worth $34,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. increased its holdings in shares of Skyworks Solutions by 25.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 31,500 shares of the semiconductor manufacturer's stock worth $3,541,000 after purchasing an additional 6,300 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Skyworks Solutions by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 99,009 shares of the semiconductor manufacturer's stock worth $11,131,000 after purchasing an additional 14,906 shares during the period. CWM LLC increased its stake in Skyworks Solutions by 4.8% in the fourth quarter. CWM LLC now owns 4,710 shares of the semiconductor manufacturer's stock valued at $530,000 after acquiring an additional 215 shares during the period. abrdn plc increased its stake in Skyworks Solutions by 50.0% in the fourth quarter. abrdn plc now owns 90,031 shares of the semiconductor manufacturer's stock valued at $10,121,000 after acquiring an additional 30,022 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Skyworks Solutions in the fourth quarter valued at about $469,000. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SWKS. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research note on Monday, April 8th. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Piper Sandler reissued a "neutral" rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, B. Riley upped their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $115.10.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $1.35 during trading hours on Friday, reaching $104.30. 1,578,071 shares of the company were exchanged, compared to its average volume of 1,909,419. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The stock's fifty day moving average is $104.07 and its two-hundred day moving average is $101.80. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.91 and a beta of 1.37. 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 (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $2.33 earnings per share. Skyworks Solutions's quarterly revenue was down 9.6% on a year-over-year basis. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.61%. Skyworks Solutions's dividend payout ratio is currently 48.23%.

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.