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Azzad Asset Management Inc. ADV Buys 24,714 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Skyworks Solutions logo with Computer and Technology background

Azzad Asset Management Inc. ADV raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,678 shares of the semiconductor manufacturer's stock after purchasing an additional 24,714 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in Skyworks Solutions were worth $4,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after buying an additional 562,783 shares in the last quarter. Pzena Investment Management LLC raised its position in Skyworks Solutions by 37.5% during the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Skyworks Solutions by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Skyworks Solutions by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after purchasing an additional 63,216 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Down 0.6%

Shares of NASDAQ SWKS traded down $0.45 during trading hours on Tuesday, hitting $71.53. The company's stock had a trading volume of 3,267,950 shares, compared to its average volume of 3,024,949. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.80 and a beta of 1.16. 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 business has a 50-day simple moving average of $66.69 and a 200-day simple moving average of $74.00.

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, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same quarter last year, the business posted $1.55 EPS. The business's revenue was down 8.9% on a year-over-year basis. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SWKS shares. UBS Group dropped their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective 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. Barclays increased their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $78.29.

Read Our Latest Analysis on SWKS

Skyworks Solutions Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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