Allspring Global Investments Holdings LLC Has $6.36 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Allspring Global Investments Holdings LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,395 shares of the semiconductor manufacturer's stock after selling 3,894 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Skyworks Solutions worth $6,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions during the fourth quarter valued at $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth about $33,000. Mattson Financial Services LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth about $37,000. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $38,000 after buying an additional 223 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Skyworks Solutions by 450.7% in the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $2.21 during trading on Tuesday, reaching $78.40. 595,830 shares of the company traded hands, compared to its average volume of 3,026,105. 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 stock's 50 day moving average price is $71.33 and its two-hundred day moving average price is $72.50. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 1.97 and a beta of 1.17. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The company 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 company's quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $79.06.

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.