Mutual of America Capital Management LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ: SWKS) by 0.7% in the first quarter. The fund owned 22,754 shares of the semiconductor manufacturer’s stock after selling 168 shares during the period. Mutual of America Capital Management LLC’s holdings in Skyworks Solutions were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at $26,000. Sound Income Strategies LLC increased its holdings in shares of Skyworks Solutions during the 1st quarter. Sound Income Strategies LLC now owns 225 shares of the semiconductor manufacturer’s stock valued at $27,000. Fortis Capital Advisors LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $27,000. J. Safra Asset Management Corp boosted its stake in shares of Skyworks Solutions during the 4th quarter. J. Safra Asset Management Corp now owns 420 shares of the semiconductor manufacturer’s stock worth $38,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Skyworks Solutions during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 322 shares of the semiconductor manufacturer’s stock valued at $38,000.

The stock is currently trading up 0.6%, with an opening price of $109.99 on Monday. Skyworks Solutions has a market cap of $17.50 billion, a P/E ratio of 15.77, and a beta of 1.27. The company’s 52-week range is $76.16 to $123.69.

Skyworks Solutions recently released its earnings results for the first quarter. The semiconductor manufacturer reported earnings per share of $2.02, slightly below the consensus estimate of $2.03. The company had revenue of $1.15 billion during the quarter, down 13.7% compared to the same quarter last year. Analysts expect that Skyworks Solutions, Inc. will post earnings per share of $7.36 for the current year.

Several brokerages have commented on Skyworks Solutions. Bank of America dropped their price target on the stock from $108.00 to $100.00. Needham & Company LLC reduced their price target from $140.00 to $130.00. StockNews.com lowered the stock from a “buy” rating to a “hold” rating. Argus reduced their price target from $160.00 to $140.00. Barclays also downgraded the stock from an “overweight” rating to an “equal weight” rating.

Skyworks Solutions, Inc. designs, develops, manufactures, and markets proprietary semiconductor products. The company’s product portfolio includes a wide range of components used in various industries worldwide.

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