Twelve Points Wealth Management LLC Increases Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Twelve Points Wealth Management LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,784 shares of the semiconductor manufacturer's stock after buying an additional 9,211 shares during the period. Twelve Points Wealth Management LLC's holdings in Skyworks Solutions were worth $2,442,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWKS. Legacy Financial Advisors Inc. grew its stake in Skyworks Solutions by 2.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after buying an additional 156 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in Skyworks Solutions by 7.5% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after buying an additional 165 shares in the last quarter. PAX Financial Group LLC grew its stake in Skyworks Solutions by 0.8% in the 4th quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock valued at $1,949,000 after buying an additional 168 shares in the last quarter. Albert D Mason Inc. grew its stake in Skyworks Solutions by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after buying an additional 215 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Skyworks Solutions by 53.2% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer's stock valued at $56,000 after buying an additional 218 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SWKS shares. Barclays lifted their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus raised their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. UBS Group cut their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Mizuho raised their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $79.06.

Skyworks Solutions Trading Down 0.4%

SWKS traded down $0.31 on Wednesday, hitting $77.63. 1,381,274 shares of the company were exchanged, compared to its average volume of 3,032,563. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The firm has a fifty day simple moving average of $71.65 and a two-hundred day simple moving average of $72.53. The stock has a market capitalization of $11.65 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. 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 issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. During the same quarter last year, the business earned $1.55 earnings per share. The business's revenue was down 8.9% on a year-over-year basis. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's payout ratio is 109.80%.

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.