7,465 Skyworks Solutions, Inc. $SWKS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,305 shares of the semiconductor manufacturer’s stock after selling 7,465 shares during the period. Illinois Municipal Retirement Fund’s holdings in Skyworks Solutions were worth $3,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in shares of Skyworks Solutions by 254.7% in the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 206 shares during the period. Caitlin John LLC bought a new position in Skyworks Solutions during the 2nd quarter worth about $27,000. J.Safra Asset Management Corp bought a new position in Skyworks Solutions during the 2nd quarter worth about $28,000. Finally, Hara Capital LLC purchased a new position in Skyworks Solutions during the 2nd quarter valued at about $35,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Down 0.1%

Shares of NASDAQ:SWKS traded down $0.09 during trading on Friday, reaching $89.94. The stock had a trading volume of 3,196,646 shares, compared to its average volume of 4,563,754. The firm’s 50-day simple moving average is $83.93 and its 200 day simple moving average is $68.86. The company has a current ratio of 5.01, a quick ratio of 2.48 and a debt-to-equity ratio of 0.43. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $93.24. The company has a market capitalization of $13.53 billion, a P/E ratio of 78.90, a PEG ratio of 1.53 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. Skyworks Solutions had a net margin of 4.35% and a return on equity of 9.70%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, research analysts expect that Skyworks Solutions, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets initiated coverage on shares of Skyworks Solutions in a report on Friday, August 21st. They issued a “market perform” rating and a $70.00 price target for the company. B. Riley Financial raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $107.00 in a report on Tuesday, October 6th. Jefferies Financial Group downgraded shares of Skyworks Solutions to a “buy” rating in a research note on Wednesday, November 4th. The Goldman Sachs Group began coverage on Skyworks Solutions in a report on Wednesday, November 4th. They set a “sell” rating and a $78.00 target price for the company. Finally, Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $70.00 to $79.00 in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $77.94.

About Skyworks Solutions

Skyworks Solutions, Inc. designs and manufactures semiconductor products that connect people, devices and networks. Its portfolio includes radio-frequency (RF) components and other analog and mixed-signal solutions used to transmit, receive and process signals. The company’s products include amplifiers, filters, switches and integrated RF modules, as well as connectivity solutions. They are used in smartphones and other mobile devices, automotive systems, broadband equipment, wireless infrastructure and Internet of Things applications.