ASR Vermogensbeheer N.V. Makes New Investment in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• ASR Vermogensbeheer N.V. made a new investment of $637,000 in Skyworks Solutions, Inc., acquiring 9,863 shares of the semiconductor manufacturer in the first quarter.
• Skyworks Solutions announced a quarterly dividend increase to $0.71 per share, representing a 4.0% yield, payable on September 16th.
• The company's recent earnings report showed revenue of $965 million for the quarter, exceeding estimates and marking a 6.6% year-over-year increase.

ASR Vermogensbeheer N.V. acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,863 shares of the semiconductor manufacturer's stock, valued at approximately $637,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC bought a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in 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 purchasing an additional 631 shares during the last quarter. Costello Asset Management INC grew 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 valued at $51,000 after purchasing an additional 300 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Skyworks Solutions during the 1st quarter valued at $52,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded up $1.16 on Tuesday, hitting $71.69. 2,949,946 shares of the company's stock traded hands, compared to its average volume of 3,513,638. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm's 50-day moving average price is $72.74 and its two-hundred day moving average price is $69.17. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $110.76. The firm has a market capitalization of $10.64 billion, a PE ratio of 28.68, a P/E/G ratio of 1.79 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. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 4.0%. Skyworks Solutions's dividend payout ratio (DPR) is presently 112.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SWKS shares. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Susquehanna upped their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho increased their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. UBS Group boosted their price target 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, The Goldman Sachs Group assumed coverage on Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $72.87.

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.