IFM Investors Pty Ltd Buys 3,309 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

IFM Investors Pty Ltd grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,751 shares of the semiconductor manufacturer's stock after purchasing an additional 3,309 shares during the period. IFM Investors Pty Ltd's holdings in Skyworks Solutions were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. OneDigital Investment Advisors LLC grew its stake in shares of Skyworks Solutions by 9.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,578 shares of the semiconductor manufacturer's stock valued at $296,000 after purchasing an additional 379 shares during the period. Calamos Advisors LLC grew its stake in shares of Skyworks Solutions by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 101,234 shares of the semiconductor manufacturer's stock valued at $6,543,000 after purchasing an additional 1,127 shares during the period. D.A. Davidson & CO. grew its stake in shares of Skyworks Solutions by 22.4% in the 1st quarter. D.A. Davidson & CO. now owns 23,710 shares of the semiconductor manufacturer's stock valued at $1,532,000 after purchasing an additional 4,335 shares during the period. Principal Financial Group Inc. grew its stake in shares of Skyworks Solutions by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer's stock valued at $13,152,000 after purchasing an additional 16,965 shares during the period. Finally, Mutual Advisors LLC grew its stake in shares of Skyworks Solutions by 26.2% in the 1st quarter. Mutual Advisors LLC now owns 4,967 shares of the semiconductor manufacturer's stock valued at $306,000 after purchasing an additional 1,032 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho boosted their target price on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. UBS Group reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Barclays increased their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $79.06.

Skyworks Solutions Trading Down 2.9%

Shares of SWKS traded down $2.28 during trading hours on Friday, reaching $75.42. The stock had a trading volume of 2,065,833 shares, compared to its average volume of 3,035,452. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86. The firm has a 50-day moving average of $72.36 and a 200 day moving average of $72.38. The company has a market cap of $11.32 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.95 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating 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 firm's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is presently 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.