Rowlandmiller & PARTNERS.ADV Has $1.97 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Rowlandmiller & PARTNERS.ADV raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,478 shares of the semiconductor manufacturer's stock after acquiring an additional 6,975 shares during the period. Rowlandmiller & PARTNERS.ADV's holdings in Skyworks Solutions were worth $1,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Savant Capital LLC boosted its holdings in shares of Skyworks Solutions by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock worth $271,000 after buying an additional 144 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Skyworks Solutions by 2.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock worth $566,000 after purchasing an additional 156 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in Skyworks Solutions by 7.5% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after purchasing an additional 165 shares during the period. Principal Securities Inc. grew its holdings in Skyworks Solutions by 7.5% in the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after buying an additional 167 shares during the last quarter. Finally, PAX Financial Group LLC increased its position in Skyworks Solutions by 0.8% in the 4th quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after buying an additional 168 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWKS has been the subject of several research reports. Stifel Nicolaus increased their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased 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. 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. UBS Group decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Three 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Price Performance

Shares of SWKS traded down $0.76 on Friday, hitting $71.25. The company's stock had a trading volume of 3,365,824 shares, compared to its average volume of 3,022,735. The company has a 50 day moving average price of $66.01 and a 200 day moving average price of $74.21. 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 capitalization of $10.70 billion, a PE ratio of 21.86, a PEG ratio of 1.79 and a beta of 1.16. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $951.50 million. During the same quarter last year, the business posted $1.55 earnings per share. Skyworks Solutions's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

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.