Calamos Advisors LLC Sells 1,423 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Calamos Advisors LLC reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 108,981 shares of the semiconductor manufacturer’s stock after selling 1,423 shares during the period. Calamos Advisors LLC’s holdings in Skyworks Solutions were worth $12,252,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWKS. Panagora Asset Management Inc. boosted its holdings in shares of Skyworks Solutions by 54.0% during the 1st quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after acquiring an additional 3,654 shares during the last quarter. LSV Asset Management bought a new stake in Skyworks Solutions in the 1st quarter worth approximately $11,382,000. Raymond James Trust N.A. raised its stake in Skyworks Solutions by 7.8% during the 1st quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after buying an additional 169 shares during the last quarter. Prudential PLC bought a new position in shares of Skyworks Solutions during the 1st quarter valued at $429,000. Finally, Moors & Cabot Inc. boosted its stake in shares of Skyworks Solutions by 9.7% in the 1st quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock worth $966,000 after buying an additional 643 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna increased their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. TD Cowen increased their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $96.11 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.81 and a beta of 1.37. The company’s 50 day moving average is $104.45 and its two-hundred day moving average is $101.65. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

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

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, February 16th. Skyworks Solutions’s payout ratio is currently 48.23%.

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.