Amalgamated Bank Has $2.04 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Amalgamated Bank raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,496 shares of the semiconductor manufacturer’s stock after acquiring an additional 458 shares during the period. Amalgamated Bank’s holdings in Skyworks Solutions were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions in the fourth quarter valued at about $33,000. Mattson Financial Services LLC acquired a new position in Skyworks Solutions in the fourth quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 223 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after purchasing an additional 218 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $76.49 on Monday. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $71.04 and its two-hundred day moving average price is $72.58. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.97 and a beta of 1.17. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions’s payout ratio is 109.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SWKS. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. UBS Group cut their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus boosted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued 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 $79.06.

Skyworks Solutions 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.