Merit Financial Group LLC Buys Shares of 6,418 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Merit Financial Group LLC bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,418 shares of the semiconductor manufacturer's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. lifted its stake in Skyworks Solutions by 113,966.7% during the 1st quarter. NBC Securities Inc. now owns 3,422 shares of the semiconductor manufacturer's stock valued at $221,000 after acquiring an additional 3,419 shares during the period. Czech National Bank lifted its stake in Skyworks Solutions by 6.6% during the 1st quarter. Czech National Bank now owns 36,919 shares of the semiconductor manufacturer's stock valued at $2,386,000 after acquiring an additional 2,289 shares during the period. 180 Wealth Advisors LLC lifted its stake in Skyworks Solutions by 35.8% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,704 shares of the semiconductor manufacturer's stock valued at $627,000 after acquiring an additional 2,558 shares during the period. Rhumbline Advisers lifted its stake in Skyworks Solutions by 13.3% during the 1st quarter. Rhumbline Advisers now owns 405,376 shares of the semiconductor manufacturer's stock valued at $26,199,000 after acquiring an additional 47,585 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Skyworks Solutions by 7,713.0% during the 1st quarter. GAMMA Investing LLC now owns 255,095 shares of the semiconductor manufacturer's stock valued at $16,487,000 after acquiring an additional 251,830 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ SWKS traded down $0.76 during trading hours on Friday, reaching $71.25. The company's stock had a trading volume of 3,365,824 shares, compared to its average volume of 3,022,735. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company's 50-day moving average is $66.01 and its two-hundred day moving average is $74.30. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.79 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The firm's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Wall Street Analysts Forecast Growth

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

Skyworks Solutions Company 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.