Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,299 shares of the semiconductor manufacturer’s stock after acquiring an additional 286 shares during the period. Allworth Financial LP’s holdings in Skyworks Solutions were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Skyworks Solutions by 9.1% in the first quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer’s stock worth $13,152,000 after buying an additional 16,965 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Skyworks Solutions by 30.6% during the first quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer’s stock worth $255,000 after acquiring an additional 927 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $1,511,000. Envestnet Asset Management Inc. increased its position in Skyworks Solutions by 91.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 474,852 shares of the semiconductor manufacturer’s stock valued at $30,690,000 after acquiring an additional 226,938 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Skyworks Solutions by 1.5% in the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer’s stock valued at $2,036,000 after buying an additional 458 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 0.9%

Shares of SWKS stock opened at $72.20 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The company has a market cap of $10.84 billion, a PE ratio of 28.31, a P/E/G ratio of 1.82 and a beta of 1.17. The stock’s fifty day moving average price is $72.88 and its two-hundred day moving average price is $71.92.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. Equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. Skyworks Solutions’s payout ratio is 109.80%.

Analyst Ratings Changes

A number of brokerages have recently commented on SWKS. UBS Group cut their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Mizuho lifted their target price on Skyworks Solutions from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Barclays lifted their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.06.

Skyworks Solutions Company 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.