Teacher Retirement System of Texas reduced its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,535 shares of the semiconductor manufacturer’s stock after selling 20,064 shares during the period. Teacher Retirement System of Texas’ holdings in Skyworks Solutions were worth $14,507,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SWKS. Investment Counselors of Maryland LLC bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $102,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares in the last quarter. Bellwether Investment Group LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $125,000. Amica Retiree Medical Trust bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $134,000. Finally, Synovus Financial Corp raised its stake in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares in the last quarter. 80.54% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.06% on Tuesday, hitting $77.25. 905,953 shares of the company traded hands. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $88.52. The firm has a market capitalization of $14.35 billion, a P/E ratio of 14.91 and a beta of 1.11. The firm’s 50-day moving average is $77.19 and its 200 day moving average is $70.70.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.43 by $0.04. The company earned $835.40 million during the quarter, compared to analyst estimates of $830.94 million. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. Skyworks Solutions’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. On average, analysts anticipate that Skyworks Solutions Inc. will post $6.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 15th. Skyworks Solutions’s payout ratio is 21.62%.

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Several brokerages have commented on SWKS. Brean Capital reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Skyworks Solutions in a research report on Monday, November 7th. Vetr lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.08 price objective on the stock. in a research report on Thursday, September 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Skyworks Solutions in a research report on Friday, September 23rd. Mizuho reissued a “neutral” rating and issued a $68.00 price target on shares of Skyworks Solutions in a research report on Wednesday, August 31st. Finally, Charter Equity raised shares of Skyworks Solutions from a “market perform” rating to a “buy” rating in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $84.69.

In other news, EVP Bruce J. Freyman sold 9,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $74.33, for a total transaction of $668,970.00. Following the completion of the sale, the executive vice president now directly owns 41,493 shares of the company’s stock, valued at $3,084,174.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laura A. Gasparini sold 2,650 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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