Skyworks Solutions, Inc. (NASDAQ:SWKS) Stake Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.8% during the fourth quarter, according to its most recent 13F 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Safeguard Investment Advisory Group LLC boosted its holdings in Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after acquiring an additional 99 shares during the last quarter. John G Ullman & Associates Inc. raised its position in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 100 shares during the last quarter. Syntax Advisors LLC increased its position in shares of Skyworks Solutions by 5.4% during the 3rd quarter. Syntax Advisors LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $217,000 after purchasing an additional 113 shares during the last quarter. Unison Advisors LLC increased its position in shares of Skyworks Solutions by 0.7% during the 4th quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock worth $1,911,000 after purchasing an additional 115 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Skyworks Solutions by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,991 shares of the semiconductor manufacturer’s stock worth $1,281,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $99.30 on Wednesday. The stock has a fifty day simple moving average of $104.21 and a two-hundred day simple moving average of $101.73. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company earned $2.33 earnings per share. Skyworks Solutions’s revenue was down 9.6% compared to the same quarter last year. Analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on SWKS shares. TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.10.

Skyworks Solutions 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.