CGN Advisors LLC Has $2.08 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CGN Advisors LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,099 shares of the semiconductor manufacturer's stock after purchasing an additional 6,607 shares during the quarter. CGN Advisors LLC's holdings in Skyworks Solutions were worth $2,075,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Merit Financial Group LLC acquired a new stake in Skyworks Solutions in the first quarter worth about $415,000. NBC Securities Inc. increased its holdings in Skyworks Solutions by 113,966.7% in the first quarter. NBC Securities Inc. now owns 3,422 shares of the semiconductor manufacturer's stock valued at $221,000 after purchasing an additional 3,419 shares during the last quarter. Czech National Bank lifted its stake in Skyworks Solutions by 6.6% in the first quarter. Czech National Bank now owns 36,919 shares of the semiconductor manufacturer's stock valued at $2,386,000 after buying an additional 2,289 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Skyworks Solutions by 35.8% during the first quarter. 180 Wealth Advisors LLC now owns 9,704 shares of the semiconductor manufacturer's stock worth $627,000 after buying an additional 2,558 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Skyworks Solutions by 13.3% during the first quarter. Rhumbline Advisers now owns 405,376 shares of the semiconductor manufacturer's stock worth $26,199,000 after buying an additional 47,585 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Up 0.2%

SWKS traded up $0.17 during trading hours on Wednesday, hitting $71.20. 3,583,075 shares of the company's stock were exchanged, compared to its average volume of 3,018,710. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.79 and a beta of 1.18. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The stock's 50-day moving average is $63.86 and its two-hundred day moving average is $74.94. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.60% and a net margin of 13.02%. The company had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same quarter last year, the company earned $1.55 EPS. Skyworks Solutions's revenue for the quarter was down 8.9% compared to the same quarter last year. Sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is presently 109.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays boosted 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Three 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.com, the company currently has an average rating of "Hold" and an average price target of $78.29.

About Skyworks Solutions

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.