Rowlandmiller & PARTNERS.ADV Boosts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rowlandmiller & PARTNERS.ADV grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,478 shares of the semiconductor manufacturer's stock after buying an additional 6,975 shares during the quarter. Rowlandmiller & PARTNERS.ADV's holdings in Skyworks Solutions were worth $1,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $1,708,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Skyworks Solutions by 5.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 465,240 shares of the semiconductor manufacturer's stock worth $41,257,000 after buying an additional 24,681 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Skyworks Solutions by 4.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,307 shares of the semiconductor manufacturer's stock valued at $1,535,000 after acquiring an additional 671 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $28,000. Finally, Entropy Technologies LP raised its stake in shares of Skyworks Solutions by 43.5% during the fourth quarter. Entropy Technologies LP now owns 8,834 shares of the semiconductor manufacturer's stock worth $783,000 after acquiring an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus increased 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. UBS Group decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Barclays increased their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Down 0.5%

Skyworks Solutions stock traded down $0.39 on Thursday, hitting $72.43. 589,383 shares of the stock traded hands, compared to its average volume of 3,812,486. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.86. The firm has a market cap of $10.87 billion, a P/E ratio of 22.22, 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 business's fifty day simple moving average is $65.19 and its 200 day simple moving average is $74.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly 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 company had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Skyworks Solutions's dividend payout ratio is currently 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.