Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Position Lifted by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 65.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 62,678 shares of the semiconductor manufacturer's stock after acquiring an additional 24,714 shares during the period. Azzad Asset Management Inc. ADV's holdings in Skyworks Solutions were worth $4,051,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after purchasing an additional 562,783 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after buying an additional 1,536,289 shares during the period. Vulcan Value Partners LLC increased its stake in shares of Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after acquiring an additional 1,194,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 5.5% during 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 acquiring an additional 267,343 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock worth $372,727,000 after acquiring an additional 63,216 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on SWKS. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Barclays raised their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, UBS Group reduced 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 research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Down 1.1%

Shares of Skyworks Solutions stock traded down $0.76 during trading hours on Friday, hitting $71.25. 3,365,824 shares of the company's stock traded hands, compared to its average volume of 3,023,765. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a market cap of $10.70 billion, a PE ratio of 21.86, a PEG ratio of 1.79 and a beta of 1.16. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $66.01 and a 200-day simple moving average of $74.30.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued 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 firm had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 EPS. Equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

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.