Capital Investment Counsel Inc Has $4.67 Million Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Capital Investment Counsel Inc increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 65.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,213 shares of the semiconductor manufacturer's stock after purchasing an additional 28,600 shares during the quarter. Skyworks Solutions accounts for 0.7% of Capital Investment Counsel Inc's investment portfolio, making the stock its 26th biggest holding. Capital Investment Counsel Inc's holdings in Skyworks Solutions were worth $4,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWKS. Legacy Financial Advisors Inc. grew its position in Skyworks Solutions by 2.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after acquiring an additional 156 shares during the period. Motley Fool Asset Management LLC boosted its position in shares of Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after buying an additional 165 shares during the period. PAX Financial Group LLC boosted its position in shares of Skyworks Solutions by 0.8% in the fourth 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. Metis Global Partners LLC boosted its position in shares of Skyworks Solutions by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 5,339 shares of the semiconductor manufacturer's stock worth $473,000 after buying an additional 192 shares during the period. Finally, Albert D Mason Inc. boosted its position in shares of Skyworks Solutions by 1.8% in the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock worth $791,000 after buying an additional 215 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

NASDAQ SWKS traded down $1.69 during trading on Friday, reaching $76.49. 1,831,003 shares of the company traded hands, compared to its average volume of 3,039,952. 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 stock's 50 day moving average price is $70.74 and its two-hundred day moving average price is $72.90. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.96 and a beta of 1.17. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results 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. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The company had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays boosted their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Finally, Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.06.

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.