Assetmark Inc. Reduces Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Assetmark Inc. lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 99.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 689 shares of the semiconductor manufacturer’s stock after selling 206,032 shares during the quarter. Assetmark Inc.’s holdings in Skyworks Solutions were worth $45,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC lifted its position in Skyworks Solutions by 263.3% during the first quarter. Oak Thistle LLC now owns 27,185 shares of the semiconductor manufacturer’s stock valued at $1,757,000 after buying an additional 19,702 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Skyworks Solutions during the first quarter valued at $553,000. Guidance Capital Inc. lifted its position in Skyworks Solutions by 31.7% during the first quarter. Guidance Capital Inc. now owns 13,409 shares of the semiconductor manufacturer’s stock valued at $886,000 after buying an additional 3,224 shares during the period. Lindbrook Capital LLC lifted its position in Skyworks Solutions by 459.7% during the first quarter. Lindbrook Capital LLC now owns 2,989 shares of the semiconductor manufacturer’s stock valued at $193,000 after buying an additional 2,455 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Skyworks Solutions by 2.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,273 shares of the semiconductor manufacturer’s stock valued at $793,000 after buying an additional 308 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

SWKS has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. UBS Group lifted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Stifel Nicolaus lifted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. Barclays lifted their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Finally, Susquehanna lifted their price target on Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.07.

Skyworks Solutions Trading Up 0.4%

Shares of SWKS stock opened at $67.93 on Tuesday. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $110.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The stock’s 50 day simple moving average is $72.80 and its two-hundred day simple moving average is $70.00. The company has a market cap of $10.20 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating 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 business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio is presently 109.80%.

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.