Twelve Points Wealth Management LLC Acquires 9,211 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Twelve Points Wealth Management LLC increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,784 shares of the semiconductor manufacturer's stock after buying an additional 9,211 shares during the quarter. Twelve Points Wealth Management LLC's holdings in Skyworks Solutions were worth $2,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the 4th quarter valued at approximately $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions in the 4th quarter worth $33,000. Mattson Financial Services LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth about $37,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 223 shares during the period. Finally, Brown Lisle Cummings Inc. increased its position in shares of Skyworks Solutions by 450.7% during the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after purchasing an additional 631 shares during the period. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. The Goldman Sachs Group assumed coverage on Skyworks Solutions in a report on Thursday. They set a "sell" rating and a $70.00 target price on the stock. UBS Group dropped their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Mizuho raised their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and an average target price of $79.06.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $2.28 during trading on Friday, reaching $75.42. 2,065,833 shares of the company's stock were exchanged, compared to its average volume of 3,031,236. The firm's 50-day moving average price is $72.17 and its 200 day moving average price is $72.48. The company has a market cap of $11.32 billion, a P/E ratio of 29.58, a PEG ratio of 1.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $120.86.

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 for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The company had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. During the same period last year, the company posted $1.55 EPS. The firm's quarterly revenue was down 8.9% compared to the same quarter last year. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.71%. Skyworks Solutions's dividend payout ratio is currently 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.