Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 809 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,960 shares of the semiconductor manufacturer’s stock after selling 809 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Skyworks Solutions were worth $3,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions in the third quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in Skyworks Solutions during the fourth quarter valued at $33,000. Finally, Quest Partners LLC purchased a new stake in Skyworks Solutions in the third quarter worth $41,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on SWKS shares. Morgan Stanley dropped their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Barclays cut their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Price Performance

SWKS stock opened at $69.02 on Tuesday. The firm has a 50 day simple moving average of $75.26 and a two-hundred day simple moving average of $86.28. The stock has a market cap of $11.09 billion, a PE ratio of 21.17, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a one year low of $62.01 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.06%. Skyworks Solutions’s dividend payout ratio is 85.89%.

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.