Asset Management One Co. Ltd. Buys 6,103 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Asset Management One Co. Ltd. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,836 shares of the semiconductor manufacturer's stock after purchasing an additional 6,103 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Skyworks Solutions were worth $4,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Brown Lisle Cummings Inc. grew its holdings 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 valued at $50,000 after purchasing an additional 631 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Skyworks Solutions by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,420 shares of the semiconductor manufacturer's stock valued at $867,000 after purchasing an additional 829 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Skyworks Solutions in the 1st quarter worth $302,000. Praxis Investment Management Inc. grew its stake in shares of Skyworks Solutions by 205.2% in the 1st quarter. Praxis Investment Management Inc. now owns 7,020 shares of the semiconductor manufacturer's stock worth $454,000 after buying an additional 4,720 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in shares of Skyworks Solutions by 4.0% in the 1st quarter. Global X Japan Co. Ltd. now owns 14,042 shares of the semiconductor manufacturer's stock worth $908,000 after buying an additional 540 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $74.80 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The firm has a 50-day moving average of $69.31 and a two-hundred day moving average of $73.05. 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 posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company's revenue was down 8.9% on a year-over-year basis. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on SWKS. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus upped their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Barclays boosted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Finally, UBS Group decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.

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