Mutual of America Capital Management LLC Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mutual of America Capital Management LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,665 shares of the semiconductor manufacturer’s stock after selling 567 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Skyworks Solutions were worth $1,942,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC grew its stake in shares of Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after buying an additional 1,262,964 shares during the period. Pacer Advisors Inc. grew its position in Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after acquiring an additional 1,233,618 shares during the period. Swedbank AB purchased a new stake in Skyworks Solutions during the first quarter valued at about $110,086,000. Mizuho Securities USA LLC raised its holdings in shares of Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock worth $71,708,000 after purchasing an additional 713,636 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in shares of Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock worth $435,943,000 after purchasing an additional 661,144 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 0.4 %

Shares of NASDAQ:SWKS opened at $85.41 on Monday. The company has a current ratio of 5.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.66 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a fifty day simple moving average of $93.49 and a 200 day simple moving average of $99.96.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.95 EPS. The business’s revenue was down 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SWKS shares. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Susquehanna dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Barclays reduced their target price on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. TD Cowen upped their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $101.00.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by company insiders.

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.