Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Lessened by Empowered Funds LLC

Empowered Funds LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,609 shares of the semiconductor manufacturer’s stock after selling 561 shares during the quarter. Empowered Funds LLC’s holdings in Skyworks Solutions were worth $4,665,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SWKS. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter valued at approximately $28,000. Investors Research Corp grew its position in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $40,000. Finally, Quest Partners LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SWKS shares. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Morgan Stanley decreased their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Susquehanna decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $65.23 on Wednesday. The business’s 50 day moving average is $88.01 and its 200-day moving average is $94.17. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $10.49 billion, a PE ratio of 20.01, a PEG ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 4.29%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is 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.