Teacher Retirement System of Texas Invests $1.51 Million in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teacher Retirement System of Texas acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,378 shares of the semiconductor manufacturer's stock, valued at approximately $1,511,000.

Several other hedge funds also recently modified their holdings of SWKS. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions during the 4th quarter worth about $33,000. Mattson Financial Services LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB increased its holdings in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Skyworks Solutions by 53.2% during the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock worth $56,000 after purchasing an additional 218 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Down 2.9%

Shares of NASDAQ SWKS traded down $2.28 on Friday, reaching $75.42. 2,065,833 shares of the company's stock traded hands, compared to its average volume of 3,035,452. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The business's 50 day simple moving average is $72.36 and its two-hundred day simple moving average is $72.38. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

Analysts Set New Price Targets

Several research firms recently commented on SWKS. Mizuho upped their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group began coverage on Skyworks Solutions in a research note on Thursday. They issued a "sell" rating and a $70.00 target price on the stock. UBS Group reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus raised their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating 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. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $79.06.

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.