Retirement Systems of Alabama Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Retirement Systems of Alabama trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,128 shares of the semiconductor manufacturer’s stock after selling 912 shares during the quarter. Retirement Systems of Alabama’s holdings in Skyworks Solutions were worth $3,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Skyworks Solutions by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer’s stock worth $1,667,000 after buying an additional 362 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Skyworks Solutions by 22.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,818 shares of the semiconductor manufacturer’s stock worth $376,000 after purchasing an additional 695 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Skyworks Solutions by 59.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,054 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 1,140 shares during the period. Mackenzie Financial Corp lifted its position in shares of Skyworks Solutions by 69.4% in the 3rd quarter. Mackenzie Financial Corp now owns 22,280 shares of the semiconductor manufacturer’s stock worth $2,162,000 after purchasing an additional 9,127 shares during the period. Finally, Strs Ohio boosted its stake in shares of Skyworks Solutions by 44.9% during the 3rd quarter. Strs Ohio now owns 18,886 shares of the semiconductor manufacturer’s stock valued at $1,861,000 after purchasing an additional 5,849 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Down 0.8 %

Shares of SWKS stock opened at $91.78 on Tuesday. The stock has a market capitalization of $14.73 billion, a P/E ratio of 17.25, a P/E/G ratio of 4.00 and a beta of 1.35. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $103.17 and its 200 day moving average is $101.89. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $115.69.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Activity at Skyworks Solutions

In other news, CEO Liam Griffin bought 11,142 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on SWKS. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. Benchmark lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group decreased their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus dropped their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Piper Sandler decreased their price target on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.86.

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.