Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 204,126 shares of the semiconductor manufacturer’s stock after selling 4,791 shares during the period. Principal Financial Group Inc. owned about 0.12% of Skyworks Solutions worth $31,668,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SWKS. Wellington Management Group LLP raised its position in Skyworks Solutions by 49.7% in the third quarter. Wellington Management Group LLP now owns 1,962,046 shares of the semiconductor manufacturer’s stock valued at $323,307,000 after purchasing an additional 651,281 shares during the period. Lazard Asset Management LLC raised its position in Skyworks Solutions by 23.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,671,151 shares of the semiconductor manufacturer’s stock valued at $414,401,000 after purchasing an additional 501,084 shares during the period. First Trust Advisors LP increased its position in shares of Skyworks Solutions by 23.2% during the fourth quarter. First Trust Advisors LP now owns 2,037,527 shares of the semiconductor manufacturer’s stock worth $316,102,000 after acquiring an additional 383,342 shares during the period. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 8.7% during the third quarter. Vulcan Value Partners LLC now owns 4,150,314 shares of the semiconductor manufacturer’s stock worth $683,889,000 after acquiring an additional 333,007 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Skyworks Solutions by 63.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 700,555 shares of the semiconductor manufacturer’s stock worth $108,684,000 after acquiring an additional 272,949 shares during the period. Institutional investors own 72.09% of the company’s stock.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $140.00, for a total value of $1,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Several research firms recently commented on SWKS. Morgan Stanley dropped their target price on Skyworks Solutions from $198.00 to $173.00 and set an “equal weight” rating on the stock in a report on Friday, February 4th. Craig Hallum dropped their target price on Skyworks Solutions from $220.00 to $180.00 in a report on Wednesday, May 4th. StockNews.com began coverage on Skyworks Solutions in a report on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group dropped their target price on Skyworks Solutions from $161.00 to $130.00 and set a “neutral” rating on the stock in a report on Monday, March 28th. Finally, Raymond James dropped their target price on Skyworks Solutions from $220.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $171.78.

Shares of Skyworks Solutions stock opened at $103.48 on Friday. Skyworks Solutions, Inc. has a 12-month low of $97.59 and a 12-month high of $197.62. The company has a current ratio of 3.98, a quick ratio of 2.65 and a debt-to-equity ratio of 0.42. The stock has a market cap of $16.65 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. The company has a 50-day moving average of $122.77 and a two-hundred day moving average of $141.42.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.06. Skyworks Solutions had a return on equity of 30.60% and a net margin of 25.98%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 9.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 24th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, May 23rd. This represents a $2.24 annualized dividend and a dividend yield of 2.16%. Skyworks Solutions’s dividend payout ratio is currently 27.22%.

Skyworks Solutions Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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