Capital Fund Management S.A. Sells 35,585 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Fund Management S.A. decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 44.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,199 shares of the semiconductor manufacturer’s stock after selling 35,585 shares during the quarter. Capital Fund Management S.A.’s holdings in Skyworks Solutions were worth $6,857,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in Skyworks Solutions by 1.5% during the third quarter. Geneos Wealth Management Inc. now owns 4,374 shares of the semiconductor manufacturer’s stock valued at $716,000 after purchasing an additional 64 shares during the last quarter. LCM Capital Management Inc lifted its position in Skyworks Solutions by 3.2% during the fourth quarter. LCM Capital Management Inc now owns 2,479 shares of the semiconductor manufacturer’s stock valued at $385,000 after purchasing an additional 77 shares during the last quarter. Pflug Koory LLC raised its stake in shares of Skyworks Solutions by 4.4% in the fourth quarter. Pflug Koory LLC now owns 1,863 shares of the semiconductor manufacturer’s stock valued at $289,000 after acquiring an additional 79 shares during the period. Garrison Asset Management LLC raised its stake in shares of Skyworks Solutions by 0.7% in the fourth quarter. Garrison Asset Management LLC now owns 11,108 shares of the semiconductor manufacturer’s stock valued at $1,723,000 after acquiring an additional 79 shares during the period. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Skyworks Solutions by 3.1% in the fourth quarter. Kistler Tiffany Companies LLC now owns 2,626 shares of the semiconductor manufacturer’s stock valued at $407,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 72.09% of the company’s stock.

NASDAQ:SWKS opened at $103.48 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $97.59 and a fifty-two week high of $197.62. The stock has a market capitalization of $16.65 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.78 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.65 and a current ratio of 3.98. The company’s 50-day simple moving average is $122.77 and its 200-day simple moving average is $141.42.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.06. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $2.03 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts forecast that Skyworks Solutions, Inc. will post 9.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 24th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, May 23rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 27.22%.

In related news, CEO Liam Griffin sold 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on SWKS shares. Bank of America reduced their target price on shares of Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, February 4th. Susquehanna reduced their target price on shares of Skyworks Solutions from $160.00 to $135.00 in a research note on Wednesday, May 4th. Susquehanna Bancshares reduced their price target on shares of Skyworks Solutions from $195.00 to $160.00 in a research note on Friday, February 4th. Mizuho reduced their price target on shares of Skyworks Solutions from $175.00 to $170.00 in a research note on Wednesday, May 4th. Finally, Raymond James reduced their price target on shares of Skyworks Solutions from $220.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Fourteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $171.78.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Further Reading

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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