Rhumbline Advisers lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,376 shares of the semiconductor manufacturer's stock after purchasing an additional 47,585 shares during the period. Rhumbline Advisers owned 0.27% of Skyworks Solutions worth $26,199,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock worth $1,803,915,000 after acquiring an additional 562,783 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock worth $499,273,000 after purchasing an additional 1,536,289 shares in the last quarter. Vulcan Value Partners LLC increased its stake in shares of Skyworks Solutions by 29.2% in 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. Charles Schwab Investment Management Inc. increased its stake in shares of Skyworks Solutions by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer's stock worth $452,135,000 after purchasing an additional 267,343 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Skyworks Solutions by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after buying an additional 63,216 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.
Skyworks Solutions Price Performance
SWKS opened at $70.79 on Friday. The stock has a 50-day moving average price of $64.12 and a 200-day moving average price of $74.82. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.86. 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 stock has a market capitalization of $10.63 billion, a P/E ratio of 21.71, a PEG ratio of 1.79 and a beta of 1.18.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.
Skyworks Solutions Announces Dividend
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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.96%. Skyworks Solutions's payout ratio is 109.80%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Rosenblatt Securities reiterated a "neutral" rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Piper Sandler reduced their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus lifted 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Morgan Stanley reduced their target price on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus target price of $78.29.
Check Out Our Latest Research Report on SWKS
Skyworks Solutions Profile
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Free Report)
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.
Further Reading
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