Maryland State Retirement & Pension System Trims Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Maryland State Retirement & Pension System cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,575 shares of the semiconductor manufacturer’s stock after selling 582 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Skyworks Solutions were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Resources Management Corp CT ADV lifted its position in Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 142 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Skyworks Solutions by 5.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock worth $267,000 after acquiring an additional 143 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Skyworks Solutions by 18.4% during the 3rd quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after purchasing an additional 146 shares during the last quarter. Finally, Principal Securities Inc. raised its position in Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer’s stock worth $213,000 after purchasing an additional 167 shares during the period. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SWKS shares. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Piper Sandler lowered their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Citigroup increased their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Price Performance

SWKS opened at $69.02 on Tuesday. 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 company has a market cap of $11.09 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The stock has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $86.28. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 return on equity of 12.60% and a net margin of 13.02%. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

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

Insider Transactions at Skyworks Solutions

In related news, CEO Philip G. Brace acquired 10,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

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.