Commerzbank Aktiengesellschaft FI Grows Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Commerzbank Aktiengesellschaft FI increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 47.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 14,237 shares of the semiconductor manufacturer's stock after buying an additional 4,588 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Skyworks Solutions were worth $921,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Legacy Financial Advisors Inc. lifted its holdings 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 purchasing an additional 156 shares during the last quarter. Motley Fool Asset Management LLC grew its position in Skyworks Solutions by 7.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after acquiring an additional 165 shares during the last quarter. PAX Financial Group LLC grew its position in Skyworks Solutions by 0.8% during the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock valued at $1,949,000 after acquiring an additional 168 shares during the last quarter. Albert D Mason Inc. grew its position in Skyworks Solutions by 1.8% during the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after acquiring an additional 215 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after purchasing an additional 218 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SWKS. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. The Goldman Sachs Group assumed coverage on Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target for the company. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Finally, Barclays lifted their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of "Hold" and an average price target of $79.06.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $0.56 during trading hours on Friday, reaching $72.76. The company's stock had a trading volume of 1,787,939 shares, compared to its average volume of 3,003,346. The firm's 50-day moving average price is $72.97 and its 200-day moving average price is $71.81. 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 1 year low of $47.93 and a 1 year high of $120.07. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.81 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. During the same period in the previous year, the firm earned $1.55 EPS. The firm's revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is 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.