Aigen Investment Management LP Takes $254,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Aigen Investment Management LP bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,928 shares of the semiconductor manufacturer's stock, valued at approximately $254,000.

A number of other institutional investors have also recently modified their holdings of SWKS. Mattson Financial Services LLC purchased a new position in Skyworks Solutions in the 4th quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB lifted its stake in Skyworks Solutions by 60.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after purchasing an additional 631 shares in the last quarter. Costello Asset Management INC lifted its stake in Skyworks Solutions by 61.1% in the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Skyworks Solutions in the 1st quarter worth approximately $52,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SWKS shares. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Susquehanna raised their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. UBS Group raised their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Mizuho lifted their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $72.87.

Skyworks Solutions Stock Up 2.3%

Skyworks Solutions stock opened at $75.36 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $110.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The firm has a 50 day moving average price of $72.90 and a 200 day moving average price of $69.12. The company has a market capitalization of $11.19 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. During the same quarter last year, the firm earned $1.21 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's payout ratio is presently 112.00%.

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.

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