Illinois Municipal Retirement Fund Has $8.22 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Illinois Municipal Retirement Fund lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 127,175 shares of the semiconductor manufacturer’s stock after selling 9,749 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Skyworks Solutions were worth $8,219,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $33,000. Mattson Financial Services LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Skyworks Solutions by 60.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 223 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Skyworks Solutions by 53.2% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Stifel Nicolaus increased their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Finally, UBS Group dropped their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $78.29.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $74.80 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The stock’s fifty day moving average price is $69.31 and its two-hundred day moving average price is $73.28. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The firm had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the prior year, the firm posted $1.55 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

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.