D.A. Davidson & CO. Has $1.53 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

D.A. Davidson & CO. increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 22.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,710 shares of the semiconductor manufacturer's stock after acquiring an additional 4,335 shares during the period. D.A. Davidson & CO.'s holdings in Skyworks Solutions were worth $1,532,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $29,000. Victory Capital Management Inc. grew its stake in Skyworks Solutions by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 304,486 shares of the semiconductor manufacturer's stock worth $27,002,000 after acquiring an additional 2,701 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Skyworks Solutions by 9.5% during the fourth quarter. M&T Bank Corp now owns 12,443 shares of the semiconductor manufacturer's stock valued at $1,104,000 after purchasing an additional 1,075 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $2,509,000. Finally, Raymond James Financial Inc. bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $7,947,000. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group lowered their price objective 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. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Stifel Nicolaus lifted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Barclays boosted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $79.06.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $0.14 during trading hours on Wednesday, reaching $78.08. 120,716 shares of the company traded hands, compared to its average volume of 3,027,620. The stock's fifty day moving average is $71.65 and its 200 day moving average is $72.53. The stock has a market cap of $11.72 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. 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 quarterly earnings results 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 net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the prior year, the business posted $1.55 earnings per share. The company's quarterly revenue was down 8.9% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.59%. Skyworks Solutions's payout ratio is currently 109.80%.

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.