Skyworks Solutions, Inc. (NASDAQ:SWKS) is Edmp Inc.’s 10th Largest Position

Edmp Inc. reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,498 shares of the semiconductor manufacturer’s stock after selling 1,290 shares during the period. Skyworks Solutions makes up 2.9% of Edmp Inc.’s portfolio, making the stock its 10th biggest position. Edmp Inc.’s holdings in Skyworks Solutions were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of SWKS. Forsta AP Fonden grew its stake in shares of Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after acquiring an additional 7,900 shares during the period. Versor Investments LP boosted its holdings in Skyworks Solutions by 115.3% in the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after purchasing an additional 10,658 shares during the last quarter. Van ECK Associates Corp grew its position in Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after purchasing an additional 325,672 shares during the period. Barclays PLC raised its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after buying an additional 6,151 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SWKS shares. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Barclays decreased their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $64.64 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94. The stock’s fifty day moving average is $88.45 and its 200 day moving average is $94.53. The firm has a market capitalization of $10.39 billion, a PE ratio of 19.83, a PEG ratio of 1.45 and a beta of 1.14. Skyworks Solutions, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its 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%. On average, sell-side analysts anticipate 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. Investors 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 dividend yield of 4.33%. The ex-dividend date of this dividend 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.