Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Robeco Institutional Asset Management B.V. lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 16.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,714 shares of the semiconductor manufacturer's stock after purchasing an additional 50,133 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of Skyworks Solutions worth $22,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Security National Bank purchased a new stake in Skyworks Solutions in the 1st quarter valued at approximately $73,000. Perigon Wealth Management LLC raised its holdings in Skyworks Solutions by 30.6% in the 1st quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer's stock valued at $255,000 after acquiring an additional 927 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Skyworks Solutions by 200.3% in the 1st quarter. Golden State Wealth Management LLC now owns 931 shares of the semiconductor manufacturer's stock valued at $60,000 after acquiring an additional 621 shares during the last quarter. Chevy Chase Trust Holdings LLC raised its holdings in Skyworks Solutions by 0.6% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 84,302 shares of the semiconductor manufacturer's stock valued at $5,448,000 after acquiring an additional 491 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Skyworks Solutions by 10.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 66,836 shares of the semiconductor manufacturer's stock valued at $4,320,000 after acquiring an additional 6,103 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of SWKS traded up $0.15 during mid-day trading on Friday, reaching $74.80. The company had a trading volume of 3,796,458 shares, compared to its average volume of 3,034,664. The company's 50 day simple moving average is $69.31 and its 200 day simple moving average is $73.28. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 10.43% and a return on equity of 11.53%. The firm's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. Analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is currently 109.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SWKS shares. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Barclays upped their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus price target of $78.29.

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.