Access Investment Management LLC Sells 375 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Access Investment Management LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680 shares of the semiconductor manufacturer’s stock after selling 375 shares during the period. Access Investment Management LLC’s holdings in Skyworks Solutions were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Forsta AP Fonden raised its stake in Skyworks Solutions by 27.0% during the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after purchasing an additional 7,900 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of 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 last quarter. Versor Investments LP raised its position in shares of Skyworks Solutions by 115.3% during the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after buying an additional 10,658 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock valued at $152,915,000 after acquiring an additional 325,672 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in 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 in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SWKS. Susquehanna decreased their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Price Performance

Shares of SWKS opened at $67.21 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a 50 day moving average price of $84.49 and a 200-day moving average price of $91.92. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a market capitalization of $10.80 billion, a PE ratio of 20.62, a PEG ratio of 1.79 and a beta of 1.14.

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

Skyworks Solutions Announces Dividend

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

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.