Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 50.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,647 shares of the semiconductor manufacturer's stock after buying an additional 14,309 shares during the period. Cerity Partners LLC's holdings in Skyworks Solutions were worth $2,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. raised its stake 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 buying an additional 156 shares during the period. Motley Fool Asset Management LLC raised its stake in shares of 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 worth $209,000 after buying an additional 165 shares during the period. PAX Financial Group LLC raised its stake in shares of Skyworks Solutions by 0.8% during 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. Albert D Mason Inc. raised its stake in shares of Skyworks Solutions by 1.8% during the 1st 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. Finally, Quadrant Capital Group LLC raised its stake in shares of Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $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.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $0.56 during trading on Friday, reaching $72.76. The company's stock had a trading volume of 1,787,939 shares, compared to its average volume of 3,006,550. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.07. The company has a market capitalization of $10.92 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The business has a 50 day moving average price of $72.97 and a 200-day moving average price of $71.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data 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. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the previous year, the firm posted $1.55 EPS. The company's quarterly revenue was down 8.9% 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 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 issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is presently 109.80%.

Analyst Ratings Changes

Several research analysts recently commented on SWKS shares. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus upped 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. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays upped their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.06.

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.