Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,739,480 shares of the semiconductor manufacturer's stock after purchasing an additional 397,638 shares during the quarter. Vanguard Group Inc. owned 13.22% of Skyworks Solutions worth $1,340,393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWKS. Costello Asset Management INC raised its stake in shares of Skyworks Solutions by 61.1% during the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after buying an additional 300 shares during the period. New Age Alpha Advisors LLC grew its stake in Skyworks Solutions by 1,074.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 8,738 shares of the semiconductor manufacturer's stock valued at $565,000 after acquiring an additional 7,994 shares during the period. Raiffeisen Bank International AG increased its holdings in Skyworks Solutions by 427.1% in the 1st quarter. Raiffeisen Bank International AG now owns 9,329 shares of the semiconductor manufacturer's stock worth $598,000 after acquiring an additional 7,559 shares in the last quarter. Argent Trust Co increased its holdings in Skyworks Solutions by 63.1% in the 1st quarter. Argent Trust Co now owns 4,461 shares of the semiconductor manufacturer's stock worth $288,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Hoxton Planning & Management LLC acquired a new position in Skyworks Solutions during the first quarter worth $201,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Trading Up 1.6%

Shares of SWKS stock traded up $1.16 on Tuesday, hitting $71.69. 2,949,946 shares of the stock traded hands, compared to its average volume of 2,590,305. The firm's 50-day moving average price is $72.76 and its two-hundred day moving average price is $69.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The stock has a market capitalization of $10.64 billion, a PE ratio of 28.68, a PEG ratio of 1.58 and a beta of 1.13. 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 issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. Skyworks Solutions's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 4.0%. Skyworks Solutions's dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SWKS. Citigroup lifted their target price on shares of Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target on the stock. Susquehanna boosted their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group lifted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and an average target price of $72.87.

Skyworks Solutions 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.