CCM Investment Group LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,873 shares of the semiconductor manufacturer's stock, valued at approximately $954,000.
Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC increased its stake in Skyworks Solutions by 27.9% in the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after acquiring an additional 188 shares during the last quarter. Inspire Advisors LLC increased its stake in Skyworks Solutions by 1.3% in the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock valued at $952,000 after acquiring an additional 194 shares during the last quarter. Albert D Mason Inc. increased its stake in Skyworks Solutions by 1.8% in the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after acquiring an additional 215 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, Simmons Bank increased its stake in Skyworks Solutions by 4.5% in the first quarter. Simmons Bank now owns 5,807 shares of the semiconductor manufacturer's stock valued at $375,000 after acquiring an additional 250 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on SWKS. Susquehanna lifted their price objective on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Cfra Research upgraded shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $72.87.
Check Out Our Latest Stock Analysis on SWKS
Skyworks Solutions Trading Up 1.6%
Shares of NASDAQ:SWKS traded up $1.16 during mid-day trading on Tuesday, reaching $71.69. 2,949,946 shares of the company's stock were exchanged, compared to its average volume of 2,590,305. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.58 and a beta of 1.13. The business's fifty day moving average price is $72.76 and its 200-day moving average price is $69.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $965.00 million for 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%. Skyworks Solutions's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.
Skyworks Solutions Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, August 26th. Skyworks Solutions's payout ratio is 112.00%.
Skyworks Solutions Company 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.
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