Nisa Investment Advisors LLC Buys 5,820 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Nisa Investment Advisors LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,489 shares of the semiconductor manufacturer's stock after acquiring an additional 5,820 shares during the period. Nisa Investment Advisors LLC's holdings in Skyworks Solutions were worth $3,069,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SWKS. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $33,000. Mattson Financial Services LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Skyworks Solutions by 60.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 223 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Trading Down 1.5%

SWKS traded down $1.16 during mid-day trading on Monday, reaching $74.26. The stock had a trading volume of 295,428 shares, compared to its average volume of 3,025,505. The stock has a market capitalization of $11.15 billion, a P/E ratio of 29.11, a P/E/G ratio of 1.89 and a beta of 1.17. 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 firm's fifty day simple moving average is $72.36 and its two-hundred day simple moving average is $72.13. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced 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 firm had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a $0.70 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.77%. Skyworks Solutions's dividend payout ratio is currently 109.80%.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group dropped their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus raised their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Barclays raised their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on Skyworks Solutions in a report on Thursday. They set a "sell" rating and a $70.00 price target for the company. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $79.06.

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.