Naples Global Advisors LLC Has $470,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Naples Global Advisors LLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 65.6% in the first quarter, Holdings Channel reports. The firm owned 7,270 shares of the semiconductor manufacturer’s stock after selling 13,889 shares during the quarter. Naples Global Advisors LLC’s holdings in Skyworks Solutions were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $33,000. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter worth about $37,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SWKS shares. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. UBS Group lowered their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus increased their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. Finally, Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $78.29.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $71.59 on Friday. The firm has a market capitalization of $10.75 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.79 and a beta of 1.16. 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 stock has a 50 day moving average price of $64.26 and a two-hundred day moving average price of $74.74. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.91%. Skyworks Solutions’s payout ratio is 109.80%.

Skyworks Solutions 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.