Crew Capital Management Ltd. Sells 335 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Crew Capital Management Ltd. reduced its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,010 shares of the semiconductor manufacturer’s stock after selling 335 shares during the quarter. Crew Capital Management Ltd.’s holdings in Skyworks Solutions were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SWKS. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock valued at $1,827,170,000 after buying an additional 53,389 shares during the period. Victory Capital Management Inc. raised its stake in shares of Skyworks Solutions by 3.4% in the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after buying an additional 136,188 shares during the period. Invesco Ltd. raised its stake in shares of Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after buying an additional 321,243 shares during the period. Northern Trust Corp raised its stake in shares of Skyworks Solutions by 8.3% in the third quarter. Northern Trust Corp now owns 2,091,132 shares of the semiconductor manufacturer’s stock valued at $206,165,000 after buying an additional 160,178 shares during the period. Finally, LSV Asset Management raised its stake in shares of Skyworks Solutions by 24.2% in the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after buying an additional 338,820 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 3.4 %

Shares of NASDAQ SWKS traded up $3.56 during midday trading on Monday, reaching $107.86. The company had a trading volume of 2,601,300 shares, compared to its average volume of 2,293,705. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $104.07 and its 200-day moving average price is $101.83. The stock has a market cap of $17.28 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 48.23%.

Analyst Upgrades and Downgrades

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

Skyworks Solutions 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.