Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,663 shares of the semiconductor manufacturer's stock after selling 3,709 shares during the period. US Bancorp DE's holdings in Skyworks Solutions were worth $2,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Mattson Financial Services LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB grew 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 in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after buying an additional 631 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Skyworks Solutions during the 1st quarter worth about $52,000. Finally, Quadrant Capital Group LLC lifted its stake 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 acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

SWKS traded up $2.53 during trading on Friday, hitting $71.08. 2,595,941 shares of the stock were exchanged, compared to its average volume of 3,523,724. The company has a quick ratio of 3.84, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $110.76. The stock has a fifty day moving average price of $72.66 and a two-hundred day moving average price of $69.79. The firm has a market capitalization of $10.67 billion, a P/E ratio of 28.43, a PEG ratio of 1.69 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $940.00 million. During the same period in the previous year, the company posted $1.21 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a $0.71 dividend. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. This represents a $2.84 annualized dividend and a yield of 4.0%. Skyworks Solutions's payout ratio is presently 113.60%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays lifted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Susquehanna lifted their price objective on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. UBS Group increased their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Stifel Nicolaus boosted their target price on Skyworks Solutions from $62.00 to $72.00 and gave the stock 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 research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $72.87.

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.