Pallas Capital Advisors LLC Takes $397,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Pallas Capital Advisors LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,148 shares of the semiconductor manufacturer's stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also modified their holdings of SWKS. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at about $28,000. Stephens Inc. AR lifted its holdings in shares of Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after buying an additional 372 shares during the period. Savant Capital LLC lifted its holdings in shares of Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after buying an additional 144 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after buying an additional 57,146 shares during the period. Finally, Naples Global Advisors LLC lifted its holdings in shares of Skyworks Solutions by 1.1% in the 4th quarter. Naples Global Advisors LLC now owns 21,159 shares of the semiconductor manufacturer's stock valued at $1,876,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SWKS. Barclays raised 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. Stifel Nicolaus raised their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Finally, UBS Group decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Stock Down 1.1%

SWKS traded down $0.76 on Friday, hitting $71.25. 3,365,824 shares of the company were exchanged, compared to its average volume of 3,023,765. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $66.01 and a two-hundred day moving average price of $74.30.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its 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. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same period in the previous year, the firm posted $1.55 EPS. Skyworks Solutions's revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is 109.80%.

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.