Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,199 shares of the semiconductor manufacturer’s stock after selling 2,808 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Skyworks Solutions were worth $8,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. grew its position in shares of Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 155 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at $34,000. AdvisorNet Financial Inc grew its position in shares of Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 316 shares during the last quarter. West Branch Capital LLC grew its position in shares of Skyworks Solutions by 8,000.0% in the 4th quarter. West Branch Capital LLC now owns 405 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 400 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Skyworks Solutions by 47.9% in the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after buying an additional 136 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $99.30 on Wednesday. The company has a 50-day moving average of $104.21 and a two-hundred day moving average of $101.73. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The stock has a market cap of $15.91 billion, a P/E ratio of 17.61, a PEG ratio of 1.82 and a beta of 1.37. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $2.33 earnings per share. Skyworks Solutions’s revenue was down 9.6% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.74%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SWKS shares. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. B. Riley raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna raised their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, TD Cowen raised their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $115.10.

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.