Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd significantly increased its holdings in Skyworks Solutions, acquiring an additional 11,175 shares and bringing their total ownership to 17,372 shares, valued at approximately $1.12 million.
• Several research firms have adjusted their price targets for Skyworks, with UBS raising it to $75.00, while Goldman Sachs gave it a sell rating with a target of $70.00.
• Skyworks Solutions recently declared a quarterly dividend of $0.70 per share, resulting in an annual yield of 4.1%, though the company's dividend payout ratio stands at 109.80%.

XTX Topco Ltd increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 180.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,372 shares of the semiconductor manufacturer's stock after buying an additional 11,175 shares during the quarter. XTX Topco Ltd's holdings in Skyworks Solutions were worth $1,123,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mattson Financial Services LLC acquired a new position in shares of Skyworks Solutions in the fourth quarter worth about $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Skyworks Solutions by 450.7% during the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after buying an additional 631 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Skyworks Solutions during the 1st quarter valued at about $52,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Skyworks Solutions by 53.2% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SWKS. UBS Group increased their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Mizuho boosted their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group began coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They set a "sell" rating and a $70.00 target price on the stock. Barclays raised their price target 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 reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $74.07.

Skyworks Solutions Trading Down 1.2%

Shares of SWKS opened at $67.69 on Friday. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $110.76. The business's 50-day moving average price is $72.83 and its 200 day moving average price is $70.48. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $10.16 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.72 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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 firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.1%. The ex-dividend date was 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.

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