Wealthfront Advisers LLC Purchases 31,724 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wealthfront Advisers LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 368.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,340 shares of the semiconductor manufacturer's stock after buying an additional 31,724 shares during the quarter. Wealthfront Advisers LLC's holdings in Skyworks Solutions were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Skyworks Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer's stock valued at $1,803,915,000 after acquiring an additional 562,783 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in Skyworks Solutions by 29.2% in the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after acquiring an additional 1,194,782 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Skyworks Solutions by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after acquiring an additional 63,216 shares in the last quarter. FIL Ltd boosted its holdings in Skyworks Solutions by 0.3% in the fourth quarter. FIL Ltd now owns 3,502,951 shares of the semiconductor manufacturer's stock valued at $310,642,000 after acquiring an additional 10,664 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Skyworks Solutions by 17.1% in the fourth quarter. Invesco Ltd. now owns 3,161,697 shares of the semiconductor manufacturer's stock valued at $280,379,000 after acquiring an additional 462,264 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SWKS. The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions in a report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Barclays boosted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. UBS Group lowered their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Mizuho lifted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Skyworks Solutions presently has an average rating of "Hold" and a consensus price target of $79.06.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.56 during midday trading on Friday, hitting $72.76. 1,787,939 shares of the company's stock traded hands, compared to its average volume of 3,006,550. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $120.07. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. The firm has a fifty day moving average of $72.97 and a 200 day moving average of $71.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly 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. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. The firm had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the prior year, the firm earned $1.55 EPS. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Skyworks Solutions's dividend payout ratio (DPR) is presently 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.