Teza Capital Management LLC Sells 4,075 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teza Capital Management LLC cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,966 shares of the semiconductor manufacturer’s stock after selling 4,075 shares during the period. Teza Capital Management LLC’s holdings in Skyworks Solutions were worth $263,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Stephens Inc. AR increased its position in Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock worth $380,000 after buying an additional 372 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after acquiring an additional 57,146 shares during the last quarter. Barclays PLC increased its position in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the period. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the fourth quarter worth $29,000. Finally, Proficio Capital Partners LLC acquired a new position in Skyworks Solutions during the 4th quarter valued at $2,509,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 0.5%

Shares of Skyworks Solutions stock opened at $73.28 on Wednesday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The stock has a market capitalization of $11.00 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a 50-day simple moving average of $63.62 and a 200 day simple moving average of $76.14. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the prior year, the company earned $1.55 EPS. Skyworks Solutions’s revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.82%. Skyworks Solutions’s dividend payout ratio (DPR) is 109.80%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on SWKS shares. Stifel Nicolaus raised their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Barclays boosted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $78.29.

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.