Kentucky Retirement Systems Insurance Trust Fund Acquires New Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,670 shares of the semiconductor manufacturer's stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWKS. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $29,000. Proficio Capital Partners LLC acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $2,509,000. Oppenheimer & Co. Inc. boosted its position in shares of Skyworks Solutions by 66.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock worth $351,000 after acquiring an additional 1,578 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Skyworks Solutions by 18.1% during the 4th quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer's stock worth $19,098,000 after acquiring an additional 33,037 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $7,947,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. UBS Group lowered 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Barclays upped their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Performance

SWKS traded up $0.15 on Friday, hitting $74.80. 3,796,458 shares of the company traded hands, compared to its average volume of 3,037,353. The company has a 50 day moving average of $69.31 and a 200-day moving average of $73.05. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $11.23 billion, a PE ratio of 29.33, a PEG ratio of 1.87 and a beta of 1.16. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 EPS. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

Skyworks Solutions 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.