Headlands Technologies LLC Buys 8,922 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Headlands Technologies LLC increased its stake in Skyworks Solutions by 239.4% in Q1, owning 12,649 shares valued at approximately $818,000.
• Skyworks Solutions recently announced a quarterly dividend increase from $0.70 to $0.71 per share, with a dividend yield of 4.0%.
• The company reported Q2 earnings of $1.33 per share, beating estimates, with revenues of $965 million, reflecting a year-over-year growth of 6.6%.

Headlands Technologies LLC raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 239.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,649 shares of the semiconductor manufacturer's stock after buying an additional 8,922 shares during the quarter. Headlands Technologies LLC's holdings in Skyworks Solutions were worth $818,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWKS. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 37.9% during the 1st 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. Marshall Wace LLP grew its holdings in Skyworks Solutions by 4,364.4% during the 4th 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 in the last quarter. Vulcan Value Partners LLC grew its holdings in Skyworks Solutions by 29.2% during 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 buying an additional 1,194,782 shares in the last quarter. Invesco Ltd. grew its holdings in 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 buying an additional 462,264 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Skyworks Solutions by 1,844.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock valued at $28,937,000 after buying an additional 424,698 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 3.7%

NASDAQ SWKS traded up $2.53 on Friday, reaching $71.08. 2,595,941 shares of the stock traded hands, compared to its average volume of 2,594,671. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $110.76. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.79 and a beta of 1.13. The company has a fifty day moving average price of $72.71 and a 200-day moving average price of $69.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39.

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 the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same period in the prior year, the business earned $1.21 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, 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 given a dividend of $0.71 per share. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. Skyworks Solutions's payout ratio is 112.00%.

Analyst Ratings Changes

SWKS has been the subject of several research analyst reports. Mizuho raised 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. Susquehanna lifted their target price on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Barclays lifted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citigroup lifted their target price on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a report on Wednesday. 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 MarketBeat.com, the company has an average rating of "Hold" and an average target price of $72.87.

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.