Forsta AP Fonden Reduces Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Forsta AP Fonden has reduced its stake in Skyworks Solutions, Inc. by 10.1%, holding 35,500 shares valued at approximately $2.29 million after selling 4,000 shares in the first quarter.
• Skyworks Solutions recently announced a quarterly dividend of $0.71, which is an increase from the previous $0.70 dividend, providing a yield of 4.0%.
• Analysts have mixed ratings for Skyworks Solutions, with a consensus rating of "Hold" and an average target price of $72.87, despite the company recently beating earnings estimates.

Forsta AP Fonden lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 35,500 shares of the semiconductor manufacturer's stock after selling 4,000 shares during the quarter. Forsta AP Fonden's holdings in Skyworks Solutions were worth $2,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Skyworks Solutions by 60.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 223 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares during the period. Costello Asset Management INC lifted its holdings in Skyworks Solutions by 61.1% in the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after buying an additional 300 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the subject of several research analyst reports. Mizuho increased their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Susquehanna increased their target price on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Barclays increased their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Finally, UBS Group increased their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $72.87.

Skyworks Solutions Stock Up 1.6%

SWKS stock opened at $71.69 on Wednesday. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $10.64 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.13. The business has a 50 day moving average of $72.76 and a 200 day moving average of $69.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $940.00 million. During the same quarter last year, the company earned $1.21 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio is 112.00%.

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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