20,200 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Purchased by Clark Estates Inc. NY

Key Points

• Clark Estates Inc. NY made a new investment of $1.31 million in Skyworks Solutions, purchasing 20,200 shares in Q1.
• Skyworks Solutions reported a decrease in quarterly revenue by 8.9% year-over-year but beat EPS estimates at $1.24.
• The company's recent quarterly dividend was $0.70 per share, resulting in an annual yield of 3.89% despite a high payout ratio of 109.80%.

Clark Estates Inc. NY purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,200 shares of the semiconductor manufacturer's stock, valued at approximately $1,306,000.

A number of other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC increased its holdings in Skyworks Solutions by 37.9% in the 1st quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after acquiring an additional 2,132,847 shares in the last quarter. Marshall Wace LLP increased its holdings in Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after acquiring an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in Skyworks Solutions by 29.2% in the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after acquiring an additional 1,194,782 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Skyworks Solutions by 21.9% during the fourth quarter. Wellington Management Group LLP now owns 2,765,410 shares of the semiconductor manufacturer's stock worth $245,237,000 after buying an additional 497,575 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Skyworks Solutions by 17.1% during the fourth quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer's stock worth $280,379,000 after buying an additional 462,264 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SWKS shares. JPMorgan Chase & Co. dropped 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. Susquehanna upped their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus upped their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Mizuho upped their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and an average price target of $74.07.

Skyworks Solutions Stock Down 1.2%

NASDAQ SWKS traded down $0.85 on Friday, reaching $67.69. The company had a trading volume of 2,676,285 shares, compared to its average volume of 2,025,519. The firm has a market capitalization of $10.16 billion, a PE ratio of 26.55, a P/E/G ratio of 1.72 and a beta of 1.14. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $110.76. The firm has a 50-day moving average of $72.83 and a 200-day moving average of $70.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84.

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

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 4.1%. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

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.