Curat Global LLC Acquires New Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Curat Global LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,263 shares of the semiconductor manufacturer's stock, valued at approximately $276,000.

Several other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the fourth quarter worth $33,000. Mattson Financial Services LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth $37,000. Finally, MassMutual Private Wealth & Trust FSB lifted 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 worth $38,000 after acquiring an additional 223 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 1.1%

NASDAQ:SWKS traded up $0.80 during midday trading on Friday, hitting $71.59. 2,185,764 shares of the company traded hands, compared to its average volume of 3,033,360. The firm's fifty day moving average is $64.26 and its 200-day moving average is $74.74. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The firm has a market capitalization of $10.75 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. During the same quarter last year, the firm posted $1.55 earnings per share. The business's revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on SWKS. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group cut their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Barclays boosted their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $78.29.

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.