Callahan Advisors LLC Has $210,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Callahan Advisors LLC trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,363 shares of the semiconductor manufacturer’s stock after selling 2,080 shares during the quarter. Callahan Advisors LLC’s holdings in Skyworks Solutions were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the fourth quarter worth $28,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the period. Valley Wealth Managers Inc. bought a new stake in Skyworks Solutions during the third quarter valued at $40,000. Finally, Quest Partners LLC bought a new stake in Skyworks Solutions during the third quarter valued at $41,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Citigroup increased their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Up 1.7 %

Shares of NASDAQ:SWKS opened at $67.02 on Wednesday. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.75 and a beta of 1.14. The business’s 50 day moving average is $85.84 and its 200 day moving average is $92.55. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.18%. Skyworks Solutions’s dividend payout ratio (DPR) is 85.89%.

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.