Access Investment Management LLC Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Access Investment Management LLC lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 680 shares of the semiconductor manufacturer’s stock after selling 375 shares during the quarter. Access Investment Management LLC’s holdings in Skyworks Solutions were worth $60,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Skyworks Solutions by 292.9% in the third quarter. Blue Trust Inc. now owns 1,320 shares of the semiconductor manufacturer’s stock valued at $141,000 after purchasing an additional 984 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Skyworks Solutions by 15.1% during the third quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock worth $255,000 after buying an additional 338 shares in the last quarter. Eastern Bank purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $75,000. International Assets Investment Management LLC boosted its position in Skyworks Solutions by 6,598.9% during the third quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock worth $19,287,000 after purchasing an additional 192,359 shares in the last quarter. Finally, Mediolanum International Funds Ltd grew its stake in Skyworks Solutions by 6.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 41,735 shares of the semiconductor manufacturer’s stock valued at $4,119,000 after acquiring an additional 2,611 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna lowered their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Bank of America decreased their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Craig Hallum dropped their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley lowered their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Down 0.2 %

Skyworks Solutions stock opened at $67.21 on Friday. The firm has a market capitalization of $10.80 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.79 and a beta of 1.14. 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 twelve month low of $62.01 and a twelve month high of $120.86. The stock’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $91.92.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.17%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

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.