Vest Financial LLC Has $522,000 Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vest Financial LLC increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 153.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,080 shares of the semiconductor manufacturer's stock after purchasing an additional 4,895 shares during the period. Vest Financial LLC's holdings in Skyworks Solutions were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SWKS. Matrix Trust Co boosted its position in shares of Skyworks Solutions by 84.5% in the first quarter. Matrix Trust Co now owns 5,733 shares of the semiconductor manufacturer's stock worth $371,000 after buying an additional 2,625 shares during the period. CGN Advisors LLC grew its position in Skyworks Solutions by 25.9% in the first quarter. CGN Advisors LLC now owns 32,099 shares of the semiconductor manufacturer's stock valued at $2,075,000 after acquiring an additional 6,607 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $415,000. NBC Securities Inc. lifted its holdings in Skyworks Solutions by 113,966.7% in the 1st quarter. NBC Securities Inc. now owns 3,422 shares of the semiconductor manufacturer's stock worth $221,000 after buying an additional 3,419 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Skyworks Solutions by 6.6% in the first quarter. Czech National Bank now owns 36,919 shares of the semiconductor manufacturer's stock valued at $2,386,000 after purchasing an additional 2,289 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $0.81 during trading on Thursday, hitting $72.01. The stock had a trading volume of 2,099,020 shares, compared to its average volume of 3,045,302. The business has a fifty day moving average of $65.19 and a two-hundred day moving average of $74.51. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The firm has a market cap of $10.81 billion, a P/E ratio of 22.09, a PEG ratio of 1.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business's quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is 109.80%.

Analyst Upgrades and Downgrades

SWKS has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Barclays increased their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Stifel Nicolaus increased 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. Finally, UBS Group cut their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $78.29.

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.