Mutual of America Capital Management LLC Sells 977 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mutual of America Capital Management LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,332 shares of the semiconductor manufacturer’s stock after selling 977 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Skyworks Solutions were worth $2,398,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tyler Stone Wealth Management acquired a new stake in shares of Skyworks Solutions during the second quarter valued at about $29,000. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $27,000. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the third quarter valued at about $34,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Susquehanna lifted their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. TD Cowen lifted their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, B. Riley lifted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $115.10.

Skyworks Solutions Trading Down 1.5 %

Shares of SWKS stock opened at $96.11 on Friday. The company has a market cap of $15.40 billion, a P/E ratio of 17.04, a PEG ratio of 1.81 and a beta of 1.37. The stock has a 50 day simple moving average of $104.45 and a two-hundred day simple moving average of $101.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Research analysts forecast that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.83%. Skyworks Solutions’s dividend payout ratio is 48.23%.

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.