Dimensional Fund Advisors LP grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,612,201 shares of the semiconductor manufacturer’s stock after purchasing an additional 753,004 shares during the period. Dimensional Fund Advisors LP owned approximately 3.07% of Skyworks Solutions worth $246,978,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. United Services Automobile Association acquired a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $236,000. Focus Partners Wealth lifted its stake in Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after acquiring an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after acquiring an additional 1,330 shares during the period. Gamco Investors INC. ET AL purchased a new position in Skyworks Solutions in the 2nd quarter valued at approximately $259,000. Finally, Gabelli Funds LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $1,004,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions Stock Performance
Shares of SWKS opened at $60.47 on Friday. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The stock has a market cap of $9.10 billion, a P/E ratio of 25.09 and a beta of 1.50. The company has a 50-day moving average of $69.63 and a two-hundred day moving average of $62.85. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09.
Skyworks Solutions Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s payout ratio is presently 117.84%.
Wall Street Analyst Weigh In
SWKS has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $70.00 in a report on Wednesday, April 22nd. Citigroup lifted their price target on shares of Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their price target on shares of Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.47.
Check Out Our Latest Research Report on Skyworks Solutions
About Skyworks Solutions
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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