Allspring Global Investments Holdings LLC Decreases Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Allspring Global Investments Holdings LLC lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,972 shares of the semiconductor manufacturer’s stock after selling 27,575 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Skyworks Solutions were worth $6,967,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SWKS. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,533,014 shares of the semiconductor manufacturer’s stock worth $1,827,170,000 after purchasing an additional 53,389 shares during the period. State Street Corp boosted its stake in Skyworks Solutions by 3.7% during the first quarter. State Street Corp now owns 7,677,613 shares of the semiconductor manufacturer’s stock worth $905,804,000 after buying an additional 276,958 shares during the period. Victory Capital Management Inc. increased its position in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after acquiring an additional 136,188 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Skyworks Solutions by 1.7% in the first quarter. Geode Capital Management LLC now owns 3,536,039 shares of the semiconductor manufacturer’s stock valued at $416,436,000 after acquiring an additional 60,213 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Skyworks Solutions by 15.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,285,893 shares of the semiconductor manufacturer’s stock worth $299,442,000 after acquiring an additional 428,364 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $98.47 on Thursday. The stock’s 50-day moving average is $104.77 and its 200 day moving average is $101.70. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The company has a market cap of $15.78 billion, a P/E ratio of 17.46, a PEG ratio of 1.84 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $2.33 EPS. The company’s revenue was down 9.6% compared to the same quarter last year. Research analysts predict that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s payout ratio is presently 48.23%.

Analyst Ratings Changes

SWKS has been the topic of several analyst reports. TD Cowen upped their price target on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Finally, Susquehanna lifted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.10.

About Skyworks Solutions

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.