Invesco Ltd. Purchases 979,962 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Invesco Ltd. increased its holdings in Skyworks Solutions by 31.0%, acquiring an additional 979,962 shares, bringing its total ownership to approximately 2.76% of the company.
• Skyworks Solutions recently declared a quarterly dividend of $0.71 per share, an increase from the previous dividend of $0.70, with a dividend yield of 4.0%.
• The stock's latest earnings report exceeded analysts' estimates, with earnings per share of $1.33 and revenue of $965 million, marking a 6.6% increase compared to the previous year.

Invesco Ltd. raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,141,659 shares of the semiconductor manufacturer's stock after acquiring an additional 979,962 shares during the quarter. Invesco Ltd. owned about 2.76% of Skyworks Solutions worth $267,675,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Koss Olinger Consulting LLC bought a new position in Skyworks Solutions in the 1st quarter valued at about $208,000. National Bank of Canada FI grew its position in shares of Skyworks Solutions by 41.4% during the 1st quarter. National Bank of Canada FI now owns 121,275 shares of the semiconductor manufacturer's stock worth $7,838,000 after purchasing an additional 35,488 shares in the last quarter. Keynote Financial Services LLC grew its position in shares of Skyworks Solutions by 13.6% during the 1st quarter. Keynote Financial Services LLC now owns 16,968 shares of the semiconductor manufacturer's stock worth $1,097,000 after purchasing an additional 2,025 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Skyworks Solutions by 239.4% during the 1st quarter. Headlands Technologies LLC now owns 12,649 shares of the semiconductor manufacturer's stock worth $818,000 after purchasing an additional 8,922 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Skyworks Solutions by 109.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 22,714 shares of the semiconductor manufacturer's stock worth $1,468,000 after purchasing an additional 11,855 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Down 1.1%

Shares of NASDAQ:SWKS traded down $0.84 during mid-day trading on Friday, reaching $74.52. 2,364,213 shares of the company's stock were exchanged, compared to its average volume of 3,487,180. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.65 and a beta of 1.13. The business's fifty day moving average price is $72.90 and its 200-day moving average price is $69.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. During the same quarter last year, the firm earned $1.21 earnings per share. Skyworks Solutions's quarterly revenue was up 6.6% on a year-over-year basis. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.8%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, August 26th. Skyworks Solutions's payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Susquehanna increased their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Barclays increased their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 target price on the stock. Mizuho increased their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen upgraded shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $72.87.

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.