Worldquant Millennium Advisors LLC Buys New Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Worldquant Millennium Advisors LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,525 shares of the semiconductor manufacturer's stock, valued at approximately $3,239,000.

Several other hedge funds also recently modified their holdings of SWKS. Norges Bank acquired a new stake in Skyworks Solutions in the 4th quarter valued at $228,646,000. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer's stock valued at $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Skyworks Solutions by 4,364.4% during the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after buying an additional 1,389,803 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Skyworks Solutions by 29.2% during 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 buying an additional 1,194,782 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock worth $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SWKS. Stifel Nicolaus lifted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Barclays upped their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. UBS Group dropped their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $2.58 on Tuesday, hitting $71.27. 1,699,618 shares of the stock were exchanged, compared to its average volume of 2,930,301. The firm's 50 day moving average is $63.61 and its two-hundred day moving average is $75.51. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $120.86. The firm has a market capitalization of $10.70 billion, a PE ratio of 21.86, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company's revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 3.93%. Skyworks Solutions's payout ratio 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.