Kentucky Retirement Systems Sells 151 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kentucky Retirement Systems lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,976 shares of the semiconductor manufacturer’s stock after selling 151 shares during the quarter. Kentucky Retirement Systems’ holdings in Skyworks Solutions were worth $973,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in Skyworks Solutions during the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter worth about $28,000. Investors Research Corp boosted its holdings 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 stake in Skyworks Solutions in the third quarter worth about $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions in the third quarter worth about $41,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SWKS. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $105.00 to $62.00 in a 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 report on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Down 1.0 %

Shares of SWKS stock opened at $66.53 on Tuesday. The stock has a 50 day moving average of $84.00 and a 200 day moving average of $91.63. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.69 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.79 and a beta of 1.14. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month 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 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%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 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.