Polianta Ltd Purchases 3,800 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Polianta Ltd boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,900 shares of the semiconductor manufacturer's stock after purchasing an additional 3,800 shares during the quarter. Skyworks Solutions makes up 0.6% of Polianta Ltd's portfolio, making the stock its 25th biggest position. Polianta Ltd's holdings in Skyworks Solutions were worth $1,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Skyworks Solutions during the 4th quarter valued at approximately $29,000. Picton Mahoney Asset Management purchased a new position in Skyworks Solutions during the fourth quarter valued at $33,000. Mattson Financial Services LLC bought a new stake in Skyworks Solutions in the fourth quarter worth $37,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SWKS shares. Stifel Nicolaus raised their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. UBS Group cut their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Barclays raised 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. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Stock Performance

SWKS stock traded down $0.76 during trading on Friday, reaching $71.25. The stock had a trading volume of 3,365,824 shares, compared to its average volume of 3,023,764. The firm has a market cap of $10.70 billion, a PE ratio of 21.86, a PEG ratio of 1.79 and a beta of 1.16. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average is $65.56 and its two-hundred day moving average is $74.40. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

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 for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 EPS. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

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.