Mather Group LLC. Sells 571 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mather Group LLC. reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 52.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 512 shares of the semiconductor manufacturer’s stock after selling 571 shares during the period. Mather Group LLC.’s holdings in Skyworks Solutions were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in shares of Skyworks Solutions by 30.6% during the first quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer’s stock worth $255,000 after purchasing an additional 927 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Proficio Capital Partners LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $2,509,000. GAMMA Investing LLC boosted its holdings in Skyworks Solutions by 20.9% in the first quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer’s stock valued at $255,000 after acquiring an additional 682 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Skyworks Solutions by 18.1% in the fourth quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer’s stock valued at $19,098,000 after acquiring an additional 33,037 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on SWKS. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Stifel Nicolaus upped their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Finally, Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.06.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $76.49 on Monday. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The stock’s 50 day moving average is $71.04 and its 200-day moving average is $72.58. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.97 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the prior year, the firm earned $1.55 earnings per share. Skyworks Solutions’s revenue for the quarter was down 8.9% on a year-over-year basis. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions’s payout ratio is currently 109.80%.

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.