Cwm LLC Raises Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

CWM LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 390.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,714 shares of the semiconductor manufacturer's stock after acquiring an additional 14,102 shares during the period. CWM LLC's holdings in Skyworks Solutions were worth $1,145,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $228,646,000. Marshall Wace LLP grew its stake in shares of Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after buying an additional 1,389,803 shares during the last quarter. Vulcan Value Partners LLC lifted its stake in shares of 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 valued at $469,162,000 after acquiring an additional 1,194,782 shares during the last quarter. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after purchasing an additional 562,783 shares during the period. Finally, Wellington Management Group LLP boosted its stake 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 valued at $245,237,000 after purchasing an additional 497,575 shares during the period. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SWKS. UBS Group upped their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday. Stifel Nicolaus increased their price objective 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. Barclays increased their price objective 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. Mizuho increased their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price objective for the company. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $79.65.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $0.04 during trading hours on Monday, hitting $72.72. 1,877,061 shares of the stock traded hands, compared to its average volume of 3,002,032. The firm's 50 day moving average price is $72.97 and its 200-day moving average price is $71.57. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.82 and a beta of 1.17. 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, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 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 business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same period in the previous year, the business earned $1.55 earnings per share. The business's revenue was down 8.9% compared to the same quarter last year. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 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.