Teacher Retirement System of Texas lowered its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,535 shares of the semiconductor manufacturer’s stock after selling 20,064 shares during the period. Teacher Retirement System of Texas owned 0.10% of Skyworks Solutions worth $14,507,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Investment Counselors of Maryland LLC bought a new position in Skyworks Solutions during the third quarter valued at $102,000. Fuller & Thaler Asset Management Inc. raised its position in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the period. Bellwether Investment Group LLC bought a new position in Skyworks Solutions during the second quarter valued at $125,000. Amica Retiree Medical Trust bought a new position in Skyworks Solutions during the third quarter valued at $134,000. Finally, Synovus Financial Corp raised its position in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.06% during trading on Tuesday, hitting $77.25. 905,953 shares of the stock traded hands. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 14.91 and a beta of 1.11. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $88.52. The firm has a 50-day moving average of $77.19 and a 200-day moving average of $70.70.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business had revenue of $835.40 million for the quarter, compared to analyst estimates of $830.94 million. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. On average, equities analysts forecast that Skyworks Solutions Inc. will post $6.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.45%. Skyworks Solutions’s dividend payout ratio is 21.62%.

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Several equities analysts have weighed in on SWKS shares. Canaccord Genuity restated a “buy” rating and set a $92.00 target price on shares of Skyworks Solutions in a report on Friday, September 23rd. Brean Capital reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 21st. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $76.56 price objective on the stock in a research note on Tuesday, September 6th. Drexel Hamilton reiterated a “buy” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, August 30th. Finally, Charter Equity upgraded Skyworks Solutions from a “market perform” rating to a “buy” rating in a research note on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $84.69.

In other Skyworks Solutions news, Director Timothy R. Furey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $74.87, for a total value of $374,350.00. Following the sale, the director now owns 34,947 shares in the company, valued at $2,616,481.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bruce J. Freyman sold 36,272 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $80.00, for a total transaction of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares in the company, valued at approximately $3,334,000. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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