Nuveen LLC Invests $24.15 Million in Skyworks Solutions, Inc. $SWKS

Key Points

• Nuveen LLC has invested approximately $24.15 million in Skyworks Solutions by acquiring 373,622 shares, representing about 0.25% of the company.
• Skyworks Solutions has recently announced a quarterly dividend of $0.71 per share, reflecting an increase from the previous dividend of $0.70 and indicating a 3.8% yield.
• Brokerage analysts have mixed ratings for Skyworks Solutions, with a consensus target price of $72.87, where there are four sell ratings, thirteen holds, and two buy ratings assigned.

Nuveen LLC bought a new position 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 & Exchange Commission. The institutional investor bought 373,622 shares of the semiconductor manufacturer's stock, valued at approximately $24,147,000. Nuveen LLC owned about 0.25% of Skyworks Solutions as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SWKS. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 37.9% during the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after purchasing an additional 2,132,847 shares in the last quarter. Vulcan Value Partners LLC boosted its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares in the last quarter. Invesco Ltd. boosted its position in Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock worth $355,922,000 after purchasing an additional 408,577 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $74.26 on Tuesday. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $110.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The stock has a market cap of $11.02 billion, a PE ratio of 29.70, a P/E/G ratio of 1.67 and a beta of 1.13. The stock has a 50 day moving average price of $72.98 and a 200 day moving average price of $68.63.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The company had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.8%. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, August 26th. Skyworks Solutions's payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SWKS. Citigroup increased their price target on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Stifel Nicolaus increased their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Wall Street Zen raised Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Susquehanna increased their target price on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. reduced 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. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $72.87.

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.

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