Raiffeisen Bank International AG Has $598,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Raiffeisen Bank International AG significantly increased its stake in Skyworks Solutions by 427.1% in Q1, holding shares worth $598,000 after acquiring an additional 7,559 shares.
• Skyworks Solutions reported $1.33 earnings per share for the last quarter, exceeding expectations and showing a 6.6% year-over-year revenue increase.
• The company's stock has received mixed ratings from analysts, with a consensus rating of “Hold” and an average price target of $74.07.

Raiffeisen Bank International AG lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 427.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,329 shares of the semiconductor manufacturer's stock after acquiring an additional 7,559 shares during the period. Raiffeisen Bank International AG's holdings in Skyworks Solutions were worth $598,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in Skyworks Solutions during the fourth quarter valued at about $1,073,000. Franklin Resources Inc. lifted its stake in Skyworks Solutions by 28.9% during the fourth quarter. Franklin Resources Inc. now owns 198,978 shares of the semiconductor manufacturer's stock valued at $17,645,000 after purchasing an additional 44,660 shares during the last quarter. Trexquant Investment LP acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $414,000. Resona Asset Management Co. Ltd. acquired a new stake in Skyworks Solutions during the fourth quarter valued at approximately $3,990,000. Finally, Quadrant Capital Group LLC lifted its stake in Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Up 3.7%

NASDAQ SWKS traded up $2.53 during trading on Friday, hitting $71.08. The stock had a trading volume of 2,595,941 shares, compared to its average volume of 2,568,122. The company has a market capitalization of $10.55 billion, a PE ratio of 28.43, a P/E/G ratio of 1.72 and a beta of 1.13. The company's 50-day moving average price is $72.71 and its two-hundred day moving average price is $69.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.84 and a current ratio of 2.39. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $110.76.

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 for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. During the same period in the previous year, the firm earned $1.21 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The company 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, August 26th. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's payout ratio is currently 112.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SWKS shares. The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 price objective on the stock. Mizuho boosted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. UBS Group upped their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Barclays upped their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" 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 report on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.