Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,177,745 shares of the semiconductor manufacturer's stock after purchasing an additional 122,643 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Skyworks Solutions worth $104,442,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its stake in Skyworks Solutions by 9.5% in the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after purchasing an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after buying an additional 57,146 shares in the last quarter. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% in the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions in the 4th quarter valued at $29,000. Finally, Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions in the 4th quarter valued at $2,509,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 2.9%

SWKS traded up $2.00 during mid-day trading on Tuesday, hitting $71.39. 3,402,335 shares of the stock were exchanged, compared to its average volume of 2,936,663. The firm's fifty day moving average is $63.61 and its two-hundred day moving average is $75.51. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86. 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 company has a market cap of $10.72 billion, a PE ratio of 21.90, a PEG ratio of 1.79 and a beta of 1.18.

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, beating analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Skyworks Solutions's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.92%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SWKS. Argus cut Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Rosenblatt Securities restated a "neutral" rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $105.00 to $62.00 in a report on Thursday, February 6th. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Company 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.