Mackenzie Financial Corp Lowers Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mackenzie Financial Corp cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 43.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,529 shares of the semiconductor manufacturer’s stock after selling 9,751 shares during the quarter. Mackenzie Financial Corp’s holdings in Skyworks Solutions were worth $1,409,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in Skyworks Solutions in the third quarter worth about $789,000. Highland Capital Management LLC lifted its position in shares of Skyworks Solutions by 91.4% during the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after buying an additional 20,330 shares during the last quarter. LSV Asset Management lifted its position in shares of Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Skyworks Solutions by 10,450.2% during the fourth quarter. International Assets Investment Management LLC now owns 84,507 shares of the semiconductor manufacturer’s stock valued at $9,500,000 after buying an additional 83,706 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Skyworks Solutions by 3.1% during the third quarter. California Public Employees Retirement System now owns 321,152 shares of the semiconductor manufacturer’s stock valued at $31,662,000 after buying an additional 9,692 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. B. Riley increased their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. TD Cowen increased their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Susquehanna increased their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.10.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $101.12 on Thursday. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $115.69. The company’s 50 day moving average is $104.11 and its 200 day moving average is $101.73. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The company has a market cap of $16.20 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.69%. Skyworks Solutions’s payout ratio is 48.23%.

About Skyworks Solutions

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.