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

Polianta Ltd lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,900 shares of the semiconductor manufacturer's stock after buying an additional 3,800 shares during the period. Skyworks Solutions makes up approximately 0.6% of Polianta Ltd's investment portfolio, making the stock its 25th biggest position. Polianta Ltd's holdings in Skyworks Solutions were worth $1,221,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR lifted its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after buying an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after acquiring an additional 57,146 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Proficio Capital Partners LLC bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $2,509,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Skyworks Solutions by 66.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer's stock valued at $351,000 after purchasing an additional 1,578 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 1.0%

Shares of NASDAQ SWKS traded up $0.73 during midday trading on Monday, hitting $71.98. 2,601,326 shares of the stock traded hands, compared to its average volume of 3,021,050. The company has a market cap of $10.81 billion, a PE ratio of 22.08, a P/E/G ratio of 1.79 and a beta of 1.16. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The business has a 50 day moving average price of $66.46 and a two-hundred day moving average price of $74.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Skyworks Solutions's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. Skyworks Solutions's payout ratio is 109.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWKS shares. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Barclays increased 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. 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 research report on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Finally, UBS Group lowered 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. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and an average target price of $78.29.

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.