Ethic Inc. Has $2.22 Million Stock Holdings in Skyworks Solutions, Inc. $SWKS

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Ethic Inc. lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,360 shares of the semiconductor manufacturer's stock after acquiring an additional 5,928 shares during the period. Ethic Inc.'s holdings in Skyworks Solutions were worth $2,220,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SWKS. Vanguard Group Inc. raised its holdings in Skyworks Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after buying an additional 397,638 shares during the period. Pzena Investment Management LLC grew its stake in shares of Skyworks Solutions by 37.9% in the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock valued at $501,716,000 after buying an additional 2,132,847 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Skyworks Solutions by 8.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock valued at $355,922,000 after buying an additional 408,577 shares in the last quarter. Vulcan Value Partners LLC boosted its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares during the period. Finally, Invesco Ltd. boosted its position in Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research analyst reports. Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group began coverage on Skyworks Solutions in a research report on Thursday, July 10th. They issued a "sell" rating and a $70.00 target price on the stock. Susquehanna lifted their target price on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus boosted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $72.87.

Skyworks Solutions Price Performance

Shares of SWKS opened at $74.52 on Monday. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $110.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The business's 50 day moving average price is $72.96 and its two-hundred day moving average price is $68.73. The firm has a market cap of $11.06 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. During the same period in the prior year, the firm earned $1.21 earnings per share. Skyworks Solutions's revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, August 26th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's payout ratio is currently 112.00%.

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.

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