Teacher Retirement System of Texas Makes New $1.51 Million Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teacher Retirement System of Texas purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,378 shares of the semiconductor manufacturer’s stock, valued at approximately $1,511,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions during the 4th quarter valued at $33,000. Mattson Financial Services LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Skyworks Solutions by 450.7% during the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock worth $50,000 after purchasing an additional 631 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth about $56,000. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on SWKS shares. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group initiated coverage on Skyworks Solutions in a report on Thursday. They issued a “sell” rating and a $70.00 price objective for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.06.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $75.42 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The stock has a 50 day moving average price of $72.36 and a two-hundred day moving average price of $72.38. The company has a market capitalization of $11.32 billion, a P/E ratio of 29.58, a PEG ratio of 1.95 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results 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. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The firm had revenue of $953.20 million for the quarter, compared to analysts’ expectations of $951.50 million. During the same period in the previous year, the firm earned $1.55 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.71%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is 109.80%.

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.