Achmea Investment Management B.V. Purchases 20,513 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Achmea Investment Management B.V. grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,731 shares of the semiconductor manufacturer's stock after buying an additional 20,513 shares during the period. Achmea Investment Management B.V. owned 0.07% of Skyworks Solutions worth $7,286,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SWKS. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions in the 4th quarter valued at $33,000. Mattson Financial Services LLC bought a new position in shares of Skyworks Solutions in the 4th quarter valued at $37,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Skyworks Solutions by 60.1% in the 1st 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 during the last quarter. Finally, Brown Lisle Cummings Inc. increased its stake in shares of Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after purchasing an additional 631 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 0.2%

SWKS traded up $0.15 during midday trading on Friday, hitting $74.80. 3,796,458 shares of the company were exchanged, compared to its average volume of 3,037,353. The firm has a market capitalization of $11.23 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The firm's 50 day moving average price is $69.31 and its 200-day moving average price is $73.16. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Skyworks Solutions's payout ratio is 109.80%.

Wall Street Analyst Weigh In

SWKS has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Barclays boosted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. UBS Group reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced 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. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $78.29.

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.