Rhumbline Advisers Purchases 47,585 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rhumbline Advisers raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 13.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 405,376 shares of the semiconductor manufacturer's stock after acquiring an additional 47,585 shares during the period. Rhumbline Advisers owned about 0.27% of Skyworks Solutions worth $26,199,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Skyworks Solutions by 7,713.0% in the 1st quarter. GAMMA Investing LLC now owns 255,095 shares of the semiconductor manufacturer's stock valued at $16,487,000 after buying an additional 251,830 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Skyworks Solutions by 314.1% in the 1st quarter. Versant Capital Management Inc now owns 2,679 shares of the semiconductor manufacturer's stock valued at $173,000 after acquiring an additional 2,032 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Skyworks Solutions during the fourth quarter worth about $250,000. Finally, Mattson Financial Services LLC acquired a new position in Skyworks Solutions during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the topic of several recent analyst reports. Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. UBS Group decreased their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Three research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $78.29.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded up $1.58 on Monday, reaching $73.17. The stock had a trading volume of 2,820,381 shares, compared to its average volume of 3,039,426. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company has a market cap of $10.98 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The firm has a fifty day moving average of $64.26 and a two-hundred day moving average of $74.61. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. During the same period in the prior year, the company posted $1.55 earnings per share. Skyworks Solutions's revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. Skyworks Solutions's payout ratio is 109.80%.

About Skyworks Solutions

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.