IFP Advisors Inc Has $233,000 Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

IFP Advisors Inc trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,603 shares of the semiconductor manufacturer’s stock after selling 1,215 shares during the period. IFP Advisors Inc’s holdings in Skyworks Solutions were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SWKS. Mattson Financial Services LLC acquired a new position in Skyworks Solutions during the 4th 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. Brown Lisle Cummings Inc. boosted its position 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 valued at $50,000 after buying an additional 631 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Skyworks Solutions during the first quarter worth $52,000. Finally, Quadrant Capital Group LLC grew its holdings in Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after buying an additional 218 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent analyst reports. Mizuho raised their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. UBS Group upped their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Barclays lifted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Stifel Nicolaus increased their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price objective 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. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $78.18.

Skyworks Solutions Trading Down 1.1%

NASDAQ:SWKS opened at $71.53 on Monday. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07. The stock’s fifty day moving average price is $72.96 and its two-hundred day moving average price is $70.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The company has a market cap of $10.74 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.79 and a beta of 1.17.

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 analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given 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 3.91%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

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.