Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 8.0%, acquiring a total of 5,507,074 shares worth approximately $355.9 million.
• Skyworks Solutions reported earnings of $1.33 per share for the last quarter, exceeding analysts' expectations of $1.24, with revenues of $965 million, up 6.6% year-over-year.
• The company announced an increase in its quarterly dividend from $0.70 to $0.71, representing an annualized yield of 4.0% and a high payout ratio of 112.00%.

Charles Schwab Investment Management Inc. increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,507,074 shares of the semiconductor manufacturer's stock after acquiring an additional 408,577 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.51% of Skyworks Solutions worth $355,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Skyworks Solutions by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer's stock worth $13,152,000 after buying an additional 16,965 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Skyworks Solutions by 30.6% during the first 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 in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $1,511,000. Envestnet Asset Management Inc. increased its position in shares of Skyworks Solutions by 91.5% during the first quarter. Envestnet Asset Management Inc. now owns 474,852 shares of the semiconductor manufacturer's stock worth $30,690,000 after acquiring an additional 226,938 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Skyworks Solutions by 1.5% in the first quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer's stock worth $2,036,000 after acquiring an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded up $2.53 during trading on Friday, hitting $71.08. 2,595,941 shares of the stock were exchanged, compared to its average volume of 2,594,671. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $110.76. The stock's fifty day moving average is $72.71 and its 200 day moving average is $69.32. The stock has a market cap of $10.55 billion, a PE ratio of 28.43, a P/E/G ratio of 1.79 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. During the same quarter last year, the business earned $1.21 earnings per share. Skyworks Solutions's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 4.0%. Skyworks Solutions's dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWKS. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday. Citigroup raised their price target on shares of Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research report on Wednesday. Susquehanna lifted their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Barclays increased their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus raised their price objective 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. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.87.

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.