GAMMA Investing LLC Acquires 251,830 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

GAMMA Investing LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7,713.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,095 shares of the semiconductor manufacturer's stock after acquiring an additional 251,830 shares during the quarter. GAMMA Investing LLC owned 0.16% of Skyworks Solutions worth $16,487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SWKS. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $33,000. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $37,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Skyworks Solutions by 60.1% during 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. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWKS shares. JPMorgan Chase & Co. reduced 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 note on Thursday, May 8th. UBS Group reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus lifted their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Barclays upped their price target 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, Argus cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $0.80 during midday trading on Friday, reaching $71.59. The stock had a trading volume of 2,185,764 shares, compared to its average volume of 3,033,360. The firm has a market cap of $10.75 billion, a PE ratio of 21.96, a P/E/G ratio of 1.79 and a beta of 1.16. The firm has a 50 day simple moving average of $64.26 and a 200-day simple moving average of $74.74. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. 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 posted 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 return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

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