Skyworks Solutions Inc (NASDAQ:SWKS) shares hit a new 52-week low during trading on Friday . The company traded as low as $67.64 and last traded at $67.93, with a volume of 119235 shares traded. The stock had previously closed at $70.61.

A number of brokerages have commented on SWKS. TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Susquehanna Bancshares began coverage on Skyworks Solutions in a research note on Friday. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. ValuEngine upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research note on Thursday. Finally, Summit Redstone cut Skyworks Solutions to a “hold” rating in a research note on Friday, November 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $103.38.

The company has a market capitalization of $12.56 billion, a P/E ratio of 10.19, a PEG ratio of 0.87 and a beta of 0.60.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Skyworks Solutions Inc will post 6.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, November 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 22.93%.

In related news, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $86.25, for a total value of $258,750.00. Following the transaction, the director now owns 144,251 shares in the company, valued at $12,441,648.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $91.30, for a total value of $913,000.00. Following the completion of the transaction, the director now owns 152,252 shares in the company, valued at approximately $13,900,607.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,500 shares of company stock worth $1,930,810. Insiders own 0.47% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new stake in Skyworks Solutions in the third quarter valued at about $3,764,000. Diversified Trust Co increased its holdings in Skyworks Solutions by 36.7% in the third quarter. Diversified Trust Co now owns 22,622 shares of the semiconductor manufacturer’s stock valued at $2,052,000 after buying an additional 6,075 shares during the last quarter. Legal & General Group Plc increased its holdings in Skyworks Solutions by 3.8% in the third quarter. Legal & General Group Plc now owns 869,183 shares of the semiconductor manufacturer’s stock valued at $78,808,000 after buying an additional 31,437 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in Skyworks Solutions by 6,078.9% in the third quarter. Rehmann Capital Advisory Group now owns 69,574 shares of the semiconductor manufacturer’s stock valued at $767,000 after buying an additional 68,448 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in Skyworks Solutions by 20.1% in the third quarter. Krane Funds Advisors LLC now owns 7,900 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 1,322 shares during the last quarter. 80.68% of the stock is owned by hedge funds and other institutional investors.

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About Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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