Wealth Enhancement Advisory Services LLC Has $1.86 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,790 shares of the semiconductor manufacturer's stock after buying an additional 6,713 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Skyworks Solutions were worth $1,861,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Azzad Asset Management Inc. ADV boosted its holdings in shares of Skyworks Solutions by 65.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 62,678 shares of the semiconductor manufacturer's stock worth $4,051,000 after acquiring an additional 24,714 shares in the last quarter. Albert D Mason Inc. boosted its position in Skyworks Solutions by 1.8% during the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after purchasing an additional 215 shares during the last quarter. Polianta Ltd lifted its stake in Skyworks Solutions by 25.2% in the 1st quarter. Polianta Ltd now owns 18,900 shares of the semiconductor manufacturer's stock valued at $1,221,000 after purchasing an additional 3,800 shares during the last quarter. Rowlandmiller & PARTNERS.ADV raised its holdings in Skyworks Solutions by 29.7% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 30,478 shares of the semiconductor manufacturer's stock valued at $1,970,000 after acquiring an additional 6,975 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Skyworks Solutions by 1,844.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock valued at $28,937,000 after acquiring an additional 424,698 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. UBS Group dropped their target price on shares of 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 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 reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $78.29.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $74.80 on Monday. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $11.23 billion, a PE ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16. The company has a 50 day moving average price of $69.31 and a 200-day moving average price of $73.05. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $951.50 million. During the same quarter in the prior year, the firm posted $1.55 EPS. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.80%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.