New Age Alpha Advisors LLC Has $565,000 Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• New Age Alpha Advisors LLC significantly increased its holdings in Skyworks Solutions by 1,074.5%, acquiring an additional 7,994 shares, bringing its total to 8,738 shares valued at approximately $565,000.
• Skyworks Solutions has recently increased its quarterly dividend to $0.71 per share, marking a rise from its previous dividend of $0.70, resulting in a 4.0% yield.
• The company's latest quarterly earnings surpassed expectations, reporting $1.33 EPS against an estimated $1.24, with a revenue increase of 6.6% year-over-year, totaling $965.00 million.

New Age Alpha Advisors LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 1,074.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,738 shares of the semiconductor manufacturer's stock after acquiring an additional 7,994 shares during the quarter. New Age Alpha Advisors LLC's holdings in Skyworks Solutions were worth $565,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 37.9% in 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 purchasing an additional 2,132,847 shares during the last quarter. Vulcan Value Partners LLC raised its stake 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 acquiring an additional 1,194,782 shares in the last quarter. Invesco Ltd. boosted its position in Skyworks Solutions by 17.1% during the 4th quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer's stock worth $280,379,000 after acquiring an additional 462,264 shares during the period. Northern Trust Corp increased its holdings in shares of Skyworks Solutions by 15.2% during the fourth quarter. Northern Trust Corp now owns 2,307,248 shares of the semiconductor manufacturer's stock valued at $204,607,000 after purchasing an additional 303,783 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Skyworks Solutions by 4,364.4% in the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after purchasing an additional 1,389,803 shares during the period. 85.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SWKS shares. Wall Street Zen raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $72.87.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $2.53 during trading hours on Friday, reaching $71.08. 2,595,941 shares of the company were exchanged, compared to its average volume of 2,594,671. The stock's fifty day moving average is $72.71 and its two-hundred day moving average is $69.32. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $110.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.79 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. Skyworks Solutions's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share 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 issued a dividend of $0.71 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio is presently 112.00%.

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.