Envestnet Asset Management Inc. Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Envestnet Asset Management Inc. boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 91.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 474,852 shares of the semiconductor manufacturer's stock after purchasing an additional 226,938 shares during the period. Envestnet Asset Management Inc. owned about 0.30% of Skyworks Solutions worth $30,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 2.8% during 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. Vulcan Value Partners LLC raised its position in Skyworks Solutions by 29.2% in the fourth 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 during the period. Geode Capital Management LLC boosted its stake in Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after acquiring an additional 63,216 shares during the last quarter. FIL Ltd boosted its stake in Skyworks Solutions by 0.3% in the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock valued at $310,642,000 after acquiring an additional 10,664 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Skyworks Solutions by 17.1% during the 4th quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer's stock valued at $280,379,000 after acquiring an additional 462,264 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on SWKS. Stifel Nicolaus upped their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Barclays upped their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. UBS Group dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $79.06.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $74.43 on Tuesday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $11.17 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The stock has a 50-day moving average price of $72.36 and a 200-day moving average price of $72.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The business's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. 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.

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