Vontobel Holding Ltd. Buys 6,325 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vontobel Holding Ltd. lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 45.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,297 shares of the semiconductor manufacturer's stock after acquiring an additional 6,325 shares during the quarter. Vontobel Holding Ltd.'s holdings in Skyworks Solutions were worth $1,312,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Amalgamated Bank increased its position in shares of Skyworks Solutions by 1.5% during the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer's stock valued at $2,036,000 after purchasing an additional 458 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Skyworks Solutions by 12.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 387,310 shares of the semiconductor manufacturer's stock worth $24,834,000 after buying an additional 44,133 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in Skyworks Solutions by 22.2% during the first quarter. Achmea Investment Management B.V. now owns 112,731 shares of the semiconductor manufacturer's stock worth $7,286,000 after buying an additional 20,513 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Skyworks Solutions by 16.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 351,714 shares of the semiconductor manufacturer's stock worth $22,731,000 after acquiring an additional 50,133 shares during the period. Finally, Security National Bank purchased a new position in Skyworks Solutions in the first quarter valued at about $73,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded down $1.69 during midday trading on Friday, hitting $76.49. The company had a trading volume of 1,831,003 shares, compared to its average volume of 3,039,952. The company has a market capitalization of $11.48 billion, a PE ratio of 29.99, a P/E/G ratio of 1.97 and a beta of 1.17. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $120.86. The stock's fifty day moving average price is $71.04 and its 200-day moving average price is $72.80.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 EPS. As a group, research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.70 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.66%. Skyworks Solutions's payout ratio is 109.80%.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research reports. UBS Group lowered their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Mizuho increased their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $79.06.

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.