NorthCrest Asset Manangement LLC Has $4.74 Million Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

NorthCrest Asset Manangement LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,354 shares of the semiconductor manufacturer's stock after selling 6,777 shares during the period. NorthCrest Asset Manangement LLC's holdings in Skyworks Solutions were worth $4,741,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Polianta Ltd lifted its holdings in shares of Skyworks Solutions by 25.2% during the 1st quarter. Polianta Ltd now owns 18,900 shares of the semiconductor manufacturer's stock worth $1,221,000 after acquiring an additional 3,800 shares during the period. Rowlandmiller & PARTNERS.ADV raised its position in Skyworks Solutions by 29.7% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 30,478 shares of the semiconductor manufacturer's stock worth $1,970,000 after purchasing an additional 6,975 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Skyworks Solutions by 1,844.2% during the first quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock worth $28,937,000 after purchasing an additional 424,698 shares during the period. GAMMA Investing LLC boosted its holdings in Skyworks Solutions by 20.9% during the first quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer's stock valued at $255,000 after purchasing an additional 682 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Skyworks Solutions by 1.9% during the first quarter. Yousif Capital Management LLC now owns 21,578 shares of the semiconductor manufacturer's stock valued at $1,395,000 after purchasing an additional 402 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SWKS shares. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Stifel Nicolaus increased their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. 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 report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. 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. Based on data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $78.29.

Skyworks Solutions Trading Down 0.6%

NASDAQ:SWKS traded down $0.45 during trading hours on Tuesday, hitting $71.53. 3,267,950 shares of the stock were exchanged, compared to its average volume of 3,024,949. The company has a market capitalization of $10.74 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. 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 company's 50 day moving average is $66.69 and its two-hundred day moving average is $74.00. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business 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 firm's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

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.