Bayforest Capital Ltd Has $485,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Bayforest Capital Ltd has increased its holdings in Skyworks Solutions, Inc. by 138.1%, now owning a total of 7,511 shares worth approximately $485,000.
• Skyworks Solutions reported quarterly earnings of $1.24 per share, surpassing analyst expectations of $1.20, despite an 8.9% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.70 per share, resulting in a 3.93% dividend yield, although the payout ratio is currently at 109.80%.

Bayforest Capital Ltd boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 138.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,511 shares of the semiconductor manufacturer's stock after purchasing an additional 4,356 shares during the quarter. Bayforest Capital Ltd's holdings in Skyworks Solutions were worth $485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. LPL Financial LLC raised its position in shares of Skyworks Solutions by 1.5% in the 4th quarter. LPL Financial LLC now owns 121,483 shares of the semiconductor manufacturer's stock valued at $10,773,000 after buying an additional 1,853 shares in the last quarter. Blair William & Co. IL raised its position in shares of Skyworks Solutions by 14.4% in the 4th quarter. Blair William & Co. IL now owns 4,405 shares of the semiconductor manufacturer's stock valued at $391,000 after buying an additional 555 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at approximately $66,000. Allstate Corp bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at approximately $410,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at approximately $1,073,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. UBS Group lifted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Barclays lifted their price target 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. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $74.07.

Skyworks Solutions Trading Down 1.2%

SWKS traded down $0.85 during trading on Friday, reaching $67.69. 2,676,285 shares of the company's stock were exchanged, compared to its average volume of 2,025,519. The stock has a market capitalization of $10.16 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $110.76. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $72.83 and a two-hundred day moving average price of $70.48.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The company's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a $0.70 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. Skyworks Solutions's payout ratio is 109.80%.

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.