4,670 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,670 shares of the semiconductor manufacturer's stock, valued at approximately $302,000.

A number of other large investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Proficio Capital Partners LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at $2,509,000. Oppenheimer & Co. Inc. grew its holdings in Skyworks Solutions by 66.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock valued at $351,000 after buying an additional 1,578 shares in the last quarter. American Century Companies Inc. increased its position in 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 buying an additional 33,037 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Skyworks Solutions during the 4th quarter worth $7,947,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of SWKS traded up $0.38 during mid-day trading on Thursday, reaching $74.65. The company had a trading volume of 2,073,582 shares, compared to its average volume of 3,027,780. The company's 50 day simple moving average is $68.56 and its 200 day simple moving average is $73.47. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.84 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued 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 business had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.75%. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWKS. Barclays upped their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus increased their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. UBS Group cut their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $78.29.

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.