Y Intercept Hong Kong Ltd Buys Shares of 8,554 Skyworks Solutions, Inc. (NASDAQ:SWKS)

Key Points

• Y Intercept Hong Kong Ltd has acquired 8,554 shares of Skyworks Solutions, Inc., valued at approximately $553,000, as reported in their recent SEC filing.
• Skyworks Solutions reported a 10.43% net margin and $1.24 earnings per share, exceeding analysts' expectations, although revenue declined by 8.9% year-over-year.
• The company declared an annualized quarterly dividend of $2.80 per share, with a dividend yield of 3.93%, despite having a high dividend payout ratio of 109.80%.

Y Intercept Hong Kong Ltd acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,554 shares of the semiconductor manufacturer's stock, valued at approximately $553,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Skyworks Solutions by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer's stock valued at $13,152,000 after buying an additional 16,965 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 30.6% in the 1st quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer's stock valued at $255,000 after acquiring an additional 927 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Skyworks Solutions in the 1st quarter valued at about $1,511,000. Envestnet Asset Management Inc. increased its holdings in shares of Skyworks Solutions by 91.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 474,852 shares of the semiconductor manufacturer's stock valued at $30,690,000 after acquiring an additional 226,938 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Skyworks Solutions by 1.5% in the 1st quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer's stock valued at $2,036,000 after acquiring an additional 458 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded down $0.21 on Monday, reaching $71.32. 2,211,340 shares of the company's stock were exchanged, compared to its average volume of 1,970,835. The company has a fifty day moving average of $72.93 and a 200-day moving average of $70.78. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $120.07. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.79 and a beta of 1.17. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the prior year, the business posted $1.55 EPS. The business's revenue was down 8.9% compared to the same quarter last year. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. Skyworks Solutions's dividend payout ratio is 109.80%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWKS. UBS Group raised their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Susquehanna increased their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their target price 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. Finally, The Goldman Sachs Group began coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 target price for the company. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus target price of $78.18.

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.